Selection of ITR for filling return
This query is : Resolved
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
Tax has been deducted under section 194H and 194JB can I submit the return ITR 4 u/s 44ADA or not ?
Tushar Kanti Bhattacharya
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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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
Tushar Bhattacharya
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.
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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