One of my clients is earning salary from company A, for which they have deducted tds, issued salary slip and form 16.
Another company B is paying a fixed amount monthly to this client, for which they are deducting tds @ 10% under 194J head.
which itr form should I chose for filling his IT Returns and under which head should I include the amount he is receiving from Company B.
Menu
Fees for technical services
Replies (7)
Quick Summary
You may show professional income under 44ADA table. And file ITR 4.
Which type of Services (Nature of service) is provided by client to Company B..?
Software consulting services
You can file income tax return in form ITR 4 and Show income received from Company B as Professionals fee for Software consultany services u/s 44ADA. Income will be computed on presumptive basis, i.e. @ 50% of the total gross receipts from Company B.
In that case under which head should I include the. salary which he is receiving from his employer
Income from salaries
Salary from Company A under head Salary
And Fee receipt from Company B as Professionals receipt u/s 44ADA in Form ITR 4
And Fee receipt from Company B as Professionals receipt u/s 44ADA in Form ITR 4
Recent Topics :
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
Related Topics :
CAclubindia
