Confustion in ITR forms

542 views 18 replies
It's wrong itr is selected on the source of income and nature of income.
Replies (18)
It's wrong itr is selected on the source of income and nature of income.

Based on the information provided, here's a general guideline to help you determine the appropriate ITR form for the individual who receives a salary of ₹2,00,000 per year and also earns income from small contract works with TDS under section 194C.

  1. Income from Salary: The individual's primary source of income is from salary, which is ₹2,00,000 per year.

  2. Income from Other Sources: The individual also has income from small contract works, which falls under "Income from Other Sources."

Given this information, you would typically consider the following:

  • ITR-1 (Sahaj): This form is for individuals having income from salary, one house property, other sources (like interest), and agricultural income up to ₹5,000. However, since the individual in question has income from small contract works (which is not just interest income), ITR-1 might not be suitable.

    For further more detailed information on this topic visit: ITR: Income Tax Return

    To read more such trending content, visit Swipe Blogs.

@ Mr Sabyasachi,

If ITR selection wrong then please Pls tell the correct ITR Form...
Nature of assesse and source of income.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register