Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 February 2012 sir i would like to know that suppose a person receiving professional and consultancy fee every month and TDS is also deducted every month, then at end of the yr how will u calculate his tax liability and what ITR form is required for that purpose for his tax calculation and what are other necessary form required , can u plz explain with example?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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08 February 2012 That is Income from Professions. need to be calculate professional Income and need to file ITR-4. Incase the gross income exceeds Rs.15 lakh per annum, need to comply with section 44AA & 44AB

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