Which form for ITR - Business & Salary income both in PY
This query is : Resolved
12 July 2008
My sister worked as Contractual Employee with the Company for first 5 months of the PY, on which TDS Professional was deducted by the company.(i.e. paid as an outside party)
Later on she joined another company in capacity of Payroll employee.
In the new ITR's there is no specific form which provides for both types of income i.e. PGBP & Salary.
Pls suggest how to file ITR in this case & which form to be filed.
Also, in case of PGBP income, how much % of expense can be claimed for pursuing services to company. Is there any other document to be filed apart from form 16a i.e. B/sheet or P&L ??
Pls revert ASAP.
Later on she joined another company in capacity of Payroll employee.
In the new ITR's there is no specific form which provides for both types of income i.e. PGBP & Salary.
Pls suggest how to file ITR in this case & which form to be filed.
Also, in case of PGBP income, how much % of expense can be claimed for pursuing services to company. Is there any other document to be filed apart from form 16a i.e. B/sheet or P&L ??
Pls revert ASAP.
12 July 2008
1.Return should be furnished on Form ITR 4
2. Business expenses are always claimed on actual basis
3. No document is to be attached with the Return of Income
2. Business expenses are always claimed on actual basis
3. No document is to be attached with the Return of Income
12 July 2008
Thanx jitender.
Pls also suggest if any B/Sheet or P&L to be filed with IT authorities.
How much % for expenses i can claim as deduction.
Pls also suggest if any B/Sheet or P&L to be filed with IT authorities.
How much % for expenses i can claim as deduction.
12 July 2008
Dear Mr Ahuja,
Thanx . Expenses were only of Travelling & Mobile.
I don't have any documents for them.
So how to go for that.
Thanx . Expenses were only of Travelling & Mobile.
I don't have any documents for them.
So how to go for that.
12 July 2008
The expenses incurred may be justified on the basis of cash inflows and outflows. Moreover reasonable expenses incurred in connection with earning may be justified by putting a little effort.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- Management System (IMS)
- Experts need help
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Rental income gst and it purpose
- EPF FULL & FINAL RULES IN 2026
- FTS Taxable under 115A
- Condonation . E-Verification of last year return .
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
