banner_ad

Do i fill itr1 and itr4 together?

ITR 562 views 4 replies

I was on contract for 4 months and then moved to a permanent salaried job. Should I fill both the ITR1 and ITR4?. While on contract mandatory 10% tax was deducted

Replies (4)

if 10% tax was deducted u/s 194J for professional income even for 4 months then u need to file ITR-4 and disclose both income from salaries and income from profession.yes

Originally posted by : M.com CA,CS FinTushar Sampat

if 10% tax was deducted u/s 194J for professional income even for 4 months then u need to file ITR-4 and disclose both income from salaries and income from profession.

 When I club the incomes in ITR4  how will tax be imputed ?will the salary rule apply (10% above 2 lakh , 20 % above 5 lakh etc)  for the salary component and 10% apply for the professional component?

if 10% tax was deducted u/s 194J for professional income even for 4 months then u need to file ITR-4 and disclose both income from salaries and income from profession.yes

IN THIS CASE YOU NEED TO FIRST ADD ALL INCOME TAXABLE AND FIND GROSS TOTAL INCOME AND THEN APPLY SLAB OF 0-2,00,000 ETC AND CALCULATE TAX.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details