P GUNAPALAN (PROPREITOR) (66 Points)
14 December 2021A person who works as part time accountant for different firms earning salary or accountant fee and derives salary as partner form a business. He works for 4 firms with each of them paying 6000 Rs./month.
!. Which ITR form should he use for e filing?
2. Is he eligible for standard deduction for the salary income received for working as accountant?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(161149 Points)
Replied 14 December 2021
1. File ITR 3.
2. YES.
Tanuj Chandra Saxenaa
(Company Secretary)
(7070 Points)
Replied 14 December 2021
jagdish chhugani
(engineer)
(736 Points)
Replied 17 December 2021
So to say he earns 288000 yearly. Do he have any other income, he needs form 16 from the employer. to my understanding, anyone employer gives form 16 he gets a 52500 exemption including professional tax.
P GUNAPALAN
(PROPREITOR)
(66 Points)
Replied 17 December 2021
Yes, he also receives salary from a firm where he is a partner.
CAclubindia
