Itr query
This query is : Open
03 April 2016
i had a salary income of 62000 of last 3 month of ay 14-15 and tutuon income of 310000.. so which itr is applicable and last year i file itr 4s..
CA R SEETHARAMAN
(Expert)
03 April 2016
File ITR 4, ITR 4S not applicable to you.
03 April 2016
You need to file your Income Tax Return in ITR4.
03 April 2016
sir can i show tution income as other income of 310000 and salary income as 62000 in itr 1.. is there is any issue... sir please differenciate between itr 1 & itr 4 for this purpose
03 April 2016
sir why can i not file itr 1 by showing tution income as other income..
04 April 2016
You have salary income and Income from other sources . Both are covered in ITR-1 . Hence ITR-1 can also be filed for this income.
05 April 2016
Tution Income is taxable under the head Profit and Gains of Business or Profession, for which ITR4 needs to be filed. ITR1 is not the appropriate form.
05 April 2016
sir what about itr 4s.. in itr 4s also there is a option of salary income... can i file 4s
05 April 2016
ITR4s is not applicable for professional income. So you have to use ITR4.
05 April 2016
if i will file itr 4 i have to maintain books of account..?
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