Treatment of income under section 194a and 194c in itr

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SATYENDRA KR. GUPTA (Querist)
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31 January 2014 Dear professionals,

Practical problem relating to MOU( Company )with a property investor( Individual ) agreement clause is as under :-
1. Assured return will be paid @ 12 % P.A.
2.Maintenance Charges will be paid @ of Rs.80 per Square feet.
Company deduct tds under point no.1.U/S 194 A and point no.2 under section 194 C.

Please clarify in which head of income will be taxable in the hands of individual relating to the above point of income.
And also confirm the ITR form for the F.Y.2012-13 ,if there is no other income except of the above income of the individual.

Thanks
Satyendra Gupta

Nikhil Kaushik

Nikhil Kaushik (Expert)
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31 January 2014 With regards to the form, it should be ITR4. However, under what head the income is included is not dependent on the TDS sections.

SATYENDRA KR. GUPTA

SATYENDRA KR. GUPTA (Querist)
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01 February 2014 Dear Professionals,
My question relating to the above only for-1 Applicability of Form No.
Tax ability head of Income relating to the above assured return and maintenance charges income in hand of investor.

Thank & Regards
Satyendra Gupta

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