Relevant itr to be filed
This query is : Resolved
27 July 2012
Hi , I am in receipt of stipend from my company , for which TDS is deducted u/s 194J as Professional Fees. I have received From 16A for the FY 2011-12.
Which ITR am i suppose to use to file the returns ? I have a refund of tax.
thanks/Regards
Which ITR am i suppose to use to file the returns ? I have a refund of tax.
thanks/Regards
27 July 2012
ITR 4 is the option available to you.
27 July 2012
Thanks a lot.
However my payslips doesnot specify if it is stipend or salary. And the designation is Fixed time hire. Yet TDS is U/s 194J. So is it a professional income ? also what would be the consequences of filing ITR 1 in liew of ITR 4 ?
However my payslips doesnot specify if it is stipend or salary. And the designation is Fixed time hire. Yet TDS is U/s 194J. So is it a professional income ? also what would be the consequences of filing ITR 1 in liew of ITR 4 ?
27 July 2012
Yes it is professional income. In case you will file ITR 1 there is chances that TDS credit will be disallowed.
28 July 2012
Amol & Prashanth, thank you so much. ;P
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
