Itr
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 July 2014
I have worked a construction co. as company payroll basis since 28th Feb'2014, I have resigned from the company and I have jointed one company on 3rd March'14 as consultant against purchase order basis.Previous company has provided me Form 16 (From April'13 to Feb'14) and current company has provided me Form 16A.(Only March'14) Please advise me which one I will select the ITR for my return. (ITR 1,or ITR 4) Please reply me.
I have worked a construction co. as company payroll basis since 28th Feb'2014, I have resigned from the company and I have jointed one company on 3rd March'14 as consultant against purchase order basis.Previous company has provided me Form 16 (From April'13 to Feb'14) and current company has provided me Form 16A.(Only March'14) Please advise me which one I will select the ITR for my return. (ITR 1,or ITR 4) Please reply me.
28 July 2014
The income from consultancy is taxable under the head income from business or profession.
So you will have to file either ITR 4 or ITR 4S depending on the nature of consultancy.
So you will have to file either ITR 4 or ITR 4S depending on the nature of consultancy.
28 July 2014
Since you have also earned Professional Income you need to file ITR4.
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 July 2014
Thanks for your reply.
I understand that it is suitable of my case to file return in ITR4S,because I am having Form-16 and also Form-16A (Form 16 has issued to me by previous co.where I was working as company permanent employee from (1st April'13 to 28th Feb'14). I have been working as accountant on contract employee from 2nd March'14 I have raised a bill to my company in every month. They have been deducted TDS @ 10%. So, company has issued 16A for the month of March'14 (F.Y2013-14) Please advise me,ITR4S is suitable for me.
I understand that it is suitable of my case to file return in ITR4S,because I am having Form-16 and also Form-16A (Form 16 has issued to me by previous co.where I was working as company permanent employee from (1st April'13 to 28th Feb'14). I have been working as accountant on contract employee from 2nd March'14 I have raised a bill to my company in every month. They have been deducted TDS @ 10%. So, company has issued 16A for the month of March'14 (F.Y2013-14) Please advise me,ITR4S is suitable for me.
29 July 2014
No. ITR4 should be filed. ITR4S not applicable for professionals. As Section 44AD specifically mentions the word business, therefore section cannot be applied in case of professionals.
09 August 2014
Since TDS has been deducted @ 10% it must be u/s 194J (TDS on professional)
In that case you have to file ITR 4, because PROFESSIONALS CANNOT file ITR 4S.
In that case you have to file ITR 4, because PROFESSIONALS CANNOT file ITR 4S.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Capitalgain tax purposes for valuation report compulsory
- Oct 2025 Invoices
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Import of Software Service.
- TDS on Fixed Assets purchased
- TAX AUDIT ON PROFESSIONAL INCOME
- GST on Renting godown to KFCSC for Storage of Raagi
- Capital Gail Exemption Certificate
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
