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Confustion in ITR forms

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ca1419$

CA Article

36 Points Posted on 31 July 2023

Dear Sir,

One who received salary 200000 per year. And also doing small contract works also. He received TDS under 94 C for Rs.9000 in 22-23

Please confirm which ITR form can he use ITR -1 Or ITR -4

Replies (19)

Quick Summary

This discussion addresses confusion regarding the correct Income Tax Return (ITR) form for individuals with both salary income and income from contract works where TDS has been deducted under Section 194C. Participants debate the suitability of ITR-1, ITR-3, and ITR-4, with a general consensus leaning towards ITR-3 or ITR-4 depending on whether the contract work is considered business income and if presumptive taxation is applicable. The key takeaway is that the nature of income, not just the amount, dictates the correct ITR form.

CA. Sourav Sarkar

Chartered Accountant

16188 Points Posted on 31 July 2023

Whether the contractual works is in business nature??

RAJA P M

"Do the Right Thing...!!!"

77833 Points Posted on 31 July 2023

You can file through ITR 1 or ITR 4...

If ITR 1 then show the contract income in IFOS...

If ITR 4 then show the contract income in PGBP as presumptive Taxation Scheme...

ca1419$

CA Article

36 Points Posted on 31 July 2023

Sir He is doing job and also contract works. there is not tds on salaries. but he have TDS under sec 94 C

CA. Sourav Sarkar

Chartered Accountant

16188 Points Posted on 31 July 2023

If tds has been deducted under 194C along with section 192, then file ITR 3 as for TDS u/s 194C ITR 3 should be filed

RAJA P M

"Do the Right Thing...!!!"

77833 Points Posted on 31 July 2023

Why ITR 3...???

@ ca1419$.,

You can file as per my above reply...

Before think about presumptive rule...

sabyasachi mukherjee

Profession

19978 Points Posted on 31 July 2023

No itr 1

CA. Sourav Sarkar

Chartered Accountant

16188 Points Posted on 31 July 2023

For 194C ITR 3 should be filed

S.No If TDS is deducted under section Type ITR form to be used for filing of Return
1 192 ITR1
2 192A ITR1
3 194A ITR1
4 194B, 194BB ITR2
5 194C ITR3
6 194D ITR3
7 194H ITR3
8 194I ITR3 (if TDS rate 2%) ITR1 (if TDS rate 10%-considering that tax payer has only one home which he letout)
9 194J ITR3

RAJA P M

"Do the Right Thing...!!!"

77833 Points Posted on 31 July 2023

Very Good and Knowledge...

But, as per my small experience, the serial number 7 only must through ITR 3.

and

as per query it's as below

You can file through ITR 1 or ITR 4...

If ITR 1 then show the contract income in IFOS...

If ITR 4 then show the contract income in PGBP as presumptive Taxation Scheme...