Return

anurag (Querist)

13 August 2014 sir I m a contract employee whuch head I show my income salary or b&p and other sources

CMA. CS. Sanjay Gupta (Expert)

13 August 2014 If Company is issuing you form 16 then show as Income from Salary and if its issuing you form 16A then show under the head Profits and Gains of Business or Profession.

Rupesh Jain

Rupesh Jain (Expert)

14 August 2014 it the employer issue form 16 then salary income and if issue form 16A the income from profession.

CA UMESH DULAL (Expert)

14 August 2014 If you are contract employee, you have to file ITR 1 or 2.

CA UMESH DULAL (Expert)

14 August 2014 if there is employee and employer relationship between you and the company, you are the employee of the company regardless whether you are on contract or on permanent employment.

anurag (Querist)

19 August 2014 tds deducted @ 1% can i show other income

anurag (Querist)

19 August 2014 my office is central govt society and i m a contract employee. contract is not my business

CA UMESH DULAL (Expert)

19 August 2014 plz confirm are you employee of the company or not

CMA. CS. Sanjay Gupta (Expert)

19 August 2014 No. You need tp file ITR4. Income Taxable under PGBP.

anurag (Querist)

19 August 2014 no sir i m a contract employee in a central govt society which name is "NIELIT"

CA UMESH DULAL (Expert)

19 August 2014 then you have to file ITR-1 or ITR 2

anurag (Querist)

19 August 2014 there is no employer employee relationship

anurag (Querist)

19 August 2014 bcoz i TDS is deducted @ 1% under 94c

CMA. CS. Sanjay Gupta (Expert)

19 August 2014 Umesh ji since the TDS has not been deducted u/s192 then how can it be treated as income from salary.

CMA. CS. Sanjay Gupta (Expert)

19 August 2014 Anurag Income will be taxable under PGBP.

anurag (Querist)

19 August 2014 sanjay sir taking contract is not my business then how can i treat it business income

anurag (Querist)

19 August 2014 plz reply i m waiting

CA UMESH DULAL (Expert)

19 August 2014 If you are employee, then file ITR-1 or ITR-2 regardless of tds deducted or nature of employment ( i.e. contract basis or permanent)

CA UMESH DULAL (Expert)

19 August 2014 If he is on employment on contract, then how come you file return as pgbp.

If somebody makes mistake, then you have to ask him to rectify the mistake rather than you making mistake to justify his mistake.

anurag (Querist)

19 August 2014 sir i m confussed....... i will submitted the return so that tds was refunded and i dont know the proper head of income

CMA. CS. Sanjay Gupta (Expert)

20 August 2014 https://www.charteredclub.com/contract-employee-tax/

Please check out above link.

CA UMESH DULAL (Expert)

21 August 2014 Logic is simple. In employee and employer relation, they are bound by rule of employment. Whereas in case of consultant or other nature, they are not bound by the rule of employment but they are bound by contract.

It is better for quierst to look what type of contract he has signed by him . I hope he has one and this is the only thing which puts this query to rest.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

21 August 2014 My view, since the contract basis work,it will not be come under Salary income u/s.17. Though we call it as contract employment, it will be nature of principal & agent relationship not employer and employee relationship . so it will be covered under PGBP.