Itr 4
This query is : Resolved
18 April 2013
Respected Sirs
I have a question that, there is a director of a company & he is getting remuneration from Company, he is also incurring expenses on behalf of company & taking reimbursement.
so sir plz tell me what type of ITR he should file & why??
I have a question that, there is a director of a company & he is getting remuneration from Company, he is also incurring expenses on behalf of company & taking reimbursement.
so sir plz tell me what type of ITR he should file & why??
18 April 2013
ITR 1 is sufficient for the said case, doesn't matter he is a director or whatsoever.
in case of expense, in income tax act such practice of doing expense and getting it reimbursed is taxable in case of shareholders.
hence if he is a shareholder too, he may come under net of 2(22)(e) as deemed dividend.
but that too is taxable under other source and again ITR-1 is sufficient.
note: in case he also has other income from other sources, then different forms may be required.
in case of expense, in income tax act such practice of doing expense and getting it reimbursed is taxable in case of shareholders.
hence if he is a shareholder too, he may come under net of 2(22)(e) as deemed dividend.
but that too is taxable under other source and again ITR-1 is sufficient.
note: in case he also has other income from other sources, then different forms may be required.
Message likes :
1 times
18 April 2013
Thanks a lot sir, but plz tell me can we file ITR 4 for this??
and sir plz also clearify who can file ITR 4 ( Except a PROPRIETOR).
and sir plz also clearify who can file ITR 4 ( Except a PROPRIETOR).
18 April 2013
https://incometaxindiaefiling.gov.in/e-Filing/UserLogin/LoginHome.html
go to the option 'I AM' select individual/HUF.
Then on this page click on a words 'click here' on the right side of the page. (or use the key ctrl+F now type click here, you will find where to click)
here is the answer of your itr form related queries.
Your welcome !
go to the option 'I AM' select individual/HUF.
Then on this page click on a words 'click here' on the right side of the page. (or use the key ctrl+F now type click here, you will find where to click)
here is the answer of your itr form related queries.
Your welcome !
18 April 2013
Thanks a lot sir
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Long Term Service award taxability in hands of company
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Specified Profession
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
