Which it return to use
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 July 2015
I work from home as an audio medical transcriber. In a financial year there maybe more that one source of work. There is no TDS. I also get financial assistance for my home expenses directly into my bank from a brother as refundable unsecured loan without interest.
1. Which IT return form am I to use?
2. Should I show the loan assistance from my brother as Income from Other Sources?
1. Which IT return form am I to use?
2. Should I show the loan assistance from my brother as Income from Other Sources?
28 July 2015
1 It is your professional income file ITR 4.
2 No it is not income from other sources not taxable even it is treated as gift.
2 No it is not income from other sources not taxable even it is treated as gift.
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