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)
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
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 Threads
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
- Non resident taxation & income tax in India
- GST Rate for oral Hygiene Combo Pack
- GST registration - Address error
- TDS on property pu
- Import of goods IMS action related
- Incometax Survey - Updated Return Filing after the
- TCS under 206C(1F)
- Effect on Cost of Control when Bonus Issue is from
Related Threads
CAclubindia
