Part Time Accounting Work -ITR Form

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This discussion addresses whether an individual earning both salary income and income from part-time accounting work can file using ITR-1. The consensus is yes, by treating the part-time income as salary. It also covers how to declare cash payments received without TDS deduction and reassures that there are no implications for the company involved.

Vipul Acharya

Vipul Acharya (Querist)
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02 August 2021 In FY -2020-21 i have earned Rs. 5.25 Lakhs as Income from Salary and 1.65 lakhs from Part Time Accounting Work

Can I file ITR-1

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 August 2021 Yes file ITR 1, treating part time work also salary.

Vipul Acharya

Vipul Acharya (Querist)
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02 August 2021 I have received payments in cash and no TDS deduction how to show this in salary, will there be any implication on company i am working with

Can i show this in income from other sources, please guide

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 August 2021 No implications show it as salary.

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