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Consulting charges received from abroad

Tax queries 709 views 4 replies

MY CLIENT RECEIVED CONSULTING CHARGES (WORKING IN INDIA )FROM ABROAD IN INR EVERY MONTH. INCOME LESS THAN 10 LAKHS

WHICH ITR TO BE FILED?

WITHHOLDING TAX NOT PAID BY EMPLOYER.

I THINK ITR4S WILL BE FILLED IS CORRECT

KINDLY SUGGEST

REGARDS

A.ARUNKUMAR

 

Replies (4)

It depends upon you, whether to file ITR 3 by way of maintaining complete books of accounts or ITR 4 by opting for presumptive scheme of taxation.

ITR4S has been discontinued and no more available for filing.

ITR 3 OR 4 WILL BE FILED, AS THE FEES RECIEVED WILL BE CALCULATED AS INCOME FROM BUSINESS AND PROFESSION.

use ITR 4 reason being for consultancy if you are not maintaining any book of accounts then use ITR 4 but you have to show minimum 50% profit of total income in ITR 4 under section 44ADA.

THANK U


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