Itr clarification
This query is : Resolved
26 June 2018
Dear Sir,
My colleague is independent a consultant & providing consultancy in a company & raising monthly Invoices. Please let me know which ITR need to be filed? ITR1, 2, 3, 4 or 5. Please clarify & what kind of savings/investments/examptions he can show in his return
My colleague is independent a consultant & providing consultancy in a company & raising monthly Invoices. Please let me know which ITR need to be filed? ITR1, 2, 3, 4 or 5. Please clarify & what kind of savings/investments/examptions he can show in his return
26 June 2018
ITR 3 to be filed 80c, 80D exemption can be claimed. Expenses in providing consultancy like travelling expenses can be claimed.
26 June 2018
does he need to maintain books of accounts also? his monthly income is only 25k per month. Can he avail refund as well of deducted TDS? what are the limit
26 June 2018
Please read section 44AA (1) / (2) and decide accordingly.
26 June 2018
Dear Sir,
Thank you for your valuable reply. Please guide me about the same because his monthly income is only 25k per month & TDS is being deducted @ 10% rs. 2500/-. can he claim refund of the deducted TDS?
Thank you for your valuable reply. Please guide me about the same because his monthly income is only 25k per month & TDS is being deducted @ 10% rs. 2500/-. can he claim refund of the deducted TDS?
26 June 2018
He can claim refund subject to having permissible deductions from total taxable income.
26 June 2018
Yes he can get refund of TDS deducted as no tax payable on the income.
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- 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
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
