Different incomes - what itr form should we use to e-file?

ITR 715 views 2 replies

Dear friends,

Both my wife and I spent the last year with income from two sources.  Each of use got paid against our PAN's working as individual consultants/ trainers.  TDS was deducted (against our PANs) in each case of payment.

Late in the financial year I started a sole proprietorship with my PAN.  Under this source we earned very little (<1.2 lakh) in the financial year.

Question:

1) Do we both file ITR 1's?

2) Do we both file ITR 4's?

3) Or do we each file something different? If so, what does she file, and what form do I file?

Your guidance is greatly appreciated.  Thank you!

Replies (2)

Both the incomes will be considered as Income from Business/ Profession. File ITR 4

YOU SHOULD FILE ITR-4 INCOME FROM BUSINESS/PROFESSION. YOU CAN CLAIM THE AMOUNT OF TDS DEDUCTED.

YOUR WIFE SHOULD ALSO FILE ITR-4 AS TDS IS DEDUCTED. IF YOUR WIFE IS NOT LIABLE TO PAY INCOME TAX AND YET TDS IS DEDUCTED, THEN SHE CAN FILE ITR -4 AND CLAIM REFUND.


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