Do i fill itr1 and itr4 together?

ITR 546 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.


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