194 j

260 views 7 replies
I am doctor want to file return...in my form 16a I have 194j..
question is:
1)which itrv is applicable to me.
2)procedure to file income tax return.
Replies (7)

File simple form ITR4 with presumptive assessment u/s. 44ADA....... declare minimum 50% profits of your gross receipt........ No books of accounts required....

Answer repeated by system ...

Either U can use ITR-3 or ITR-4

1. If you are maintaing books of accounts and supporting vouchers for the same  you   may use ITR 3.

2. In simple way , if your income doesnot exceeds Rs.50 lacs you can use ITR 4 and declare 50% or more        of your gross receipts without maintaing books of accounts  as income under section 44 ADA.

but am getting 194j as a doctor from working in hospital.

You are getting Professional income under Section 194 J and not salary under section 192 so in simple way U can opt for presumptive Scheme under Sec 44 ADA ie declaring 50% or more of your professional receipts as income.There is no need to maintain Books of Accounts under this scheme.

opt presumptive income method.. to file your return of income
OK thank you all for the advise ..


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register