Selection of ITR for filling return

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TUSHAR KANTI BHATTACHARYA (Querist)
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28 October 2021 Dear
Tax has been deducted under section 194H and 194JB can I submit the return ITR 4 u/s 44ADA or not ?
Tushar Kanti Bhattacharya

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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28 October 2021 Most likely yes, provided income under TDS 194H can be declared under head IFOS, while you are providing services as specified u/s. 44AA(1)...

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TUSHAR KANTI BHATTACHARYA

TUSHAR KANTI BHATTACHARYA (Querist)
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29 October 2021 Thank You Mr. Dhirajlal Rambhiaji, for your reply but I can not understand about the term "IFOS" and I think where I declared more than 50% of profit in the case of commission agent then maintain of Books of accounts will not required . Please clarify my whole statement which I have written, I may be wrong also.
Tushar Bhattacharya

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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29 October 2021 IFOS... is short term for 'Income From Other Sources'...
As you are having commission income as well as professional income, you can file ITR4 for presumptive assessment u/s. 44ADA, (provided eligible); along with commission income under IFOS. Otherwise you need to file ITR 3 with books of account maintained.

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