Which ITR Form should i choose ?
This query is : Resolved
24 July 2016
Hello Respected Members,
I have a query, A person who provide bus driver service to a school where he get 45000 after deducting 5000 TDS u/s 194J per month.
Which ITR should he file ?
24 July 2016
but he is not maintaining books of Accounts
03 August 2025
Since he is providing services (bus driver service) and earning income treated as business or profession income, he should file ITR-4 (Sugam) under the presumptive taxation scheme.
Key points:
ITR-4 can be filed by individuals who have income from business or profession and opt for presumptive taxation (under Section 44ADA or 44AE, depending on nature).
Even if he is not maintaining books of accounts, presumptive scheme allows him to declare income at a prescribed rate without detailed accounts.
The school is deducting TDS under Section 194J (professional fees) which also supports the professional income head.
Summary:
File ITR-4 under presumptive scheme.
Declare income as per presumptive rate (e.g., 50% of gross receipts if under 44ADA for professionals).
No need to maintain detailed books of accounts if presumptive scheme is chosen.
Key points:
ITR-4 can be filed by individuals who have income from business or profession and opt for presumptive taxation (under Section 44ADA or 44AE, depending on nature).
Even if he is not maintaining books of accounts, presumptive scheme allows him to declare income at a prescribed rate without detailed accounts.
The school is deducting TDS under Section 194J (professional fees) which also supports the professional income head.
Summary:
File ITR-4 under presumptive scheme.
Declare income as per presumptive rate (e.g., 50% of gross receipts if under 44ADA for professionals).
No need to maintain detailed books of accounts if presumptive scheme is chosen.
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