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194 j

04 July 2018

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.

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7 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (195583 Points)
Replied 04 July 2018

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

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (195583 Points)
Replied 04 July 2018

Answer repeated by system ...

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Anjali P Nair (ACA,ACMA) (582 Points)
Replied 04 July 2018

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.

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Bring Change (48 Points)
Replied 04 July 2018

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

Anjali P Nair (ACA,ACMA) (582 Points)
Replied 04 July 2018

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.

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