Salaried employee with a one-time income as visiting faculty filed under 194J(b)

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A salaried individual with one-time income from visiting faculty duties, taxed under 194J(b), is seeking guidance on the correct Income Tax Return (ITR) form. They are considering ITR-4 under section 44ADA to claim a 50% expense deduction and need clarification on whether this is permissible for their specific income source. The consensus suggests that ITR-4 under 44ADA is indeed appropriate, with a specific code ('16019') recommended for filing.

Dhara

Dhara (Querist)

29 June 2024 Hi All,

I am a salaried employee and generally file ITR-1. However, for AY 24-25 (FY 23-24), I have a one-time income for teaching as a visiting faculty in an MBA school filed under 194J(b), with a 10% tax deducted. Can I file returns this year under ITR-4 u/s 44ADA showing a 50% deduction for expenses? I read different viewpoints on this with some suggesting that visiting faculty gets covered under 44ADA, and in some places, a code for education was not covered under professions covered under 44ADA. Request to suggest the appropriate form as well as the section under which to file the ITR. Thanks in advance.