Income tax filing

358 views
User Avatar

Service
227 Points Posted on 31 July 2022

Income received from various  Liaison work from different Stack holder  is around 4.5 Lakh in bank passbook statement. 

Can i file it in IT1  form and in section "Any other Income"? There is  no other income during the year. 

Please Guide urgently.

0 Reply Share Follow
On 31 July 2022 at 09:21 Report
Replies (8)
Quick Summary
A user received approximately 4.5 Lakh from liaison work and wants to know if they can declare this income under the 'Any Other Income' section of the IT1 form, as there's no other income. Experts confirmed this is possible, provided no Tax Deducted at Source (TDS) under Section 194J was applicable. The income should be declared under 'Income from Other Sources' (IFOS) if no TDS was deducted.

User Avatar

SEO Sai Gr. Hosp.
212453 Points Posted on 31 July 2022

Yes, provided none has deducted TDS u/s. 194J

Reply
On 31 July 2022 at 09:37
User Avatar

CA
10436 Points Posted on 31 July 2022
You have to explain the nature of income. if you need any help then check your inbox.
1 Reply
On 31 July 2022 at 09:38
User Avatar

3145 Points Posted on 31 July 2022
@ CA Akarsh Jain sir I have one query in inbox of you ..plse guide me
Reply
On 31 July 2022 at 09:49
User Avatar

Profession Business
28246 Points Posted on 31 July 2022
Pls upload details. Sec 194 J is a different one.
Reply
On 31 July 2022 at 09:51
User Avatar

Retired
44 Points Posted on 31 July 2022

Yes no tds deducted....

Reply
On 31 July 2022 at 10:02
User Avatar

SEO Sai Gr. Hosp.
212453 Points Posted on 31 July 2022

If no TDS deducted file the income under IFOS.. in ITR 1...

Reply
On 31 July 2022 at 11:57
User Avatar

Retired
44 Points Posted on 31 July 2022

Ok thanks a lot for providing valuable guidance in time.

1 Reply
On 31 July 2022 at 12:04
User Avatar

SEO Sai Gr. Hosp.
212453 Points Posted on 31 July 2022

Most welcome ..                     

Reply
On 31 July 2022 at 12:18

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. GST Refund on payment to builder
  2. TDS u/s 194Q on electricity supply by DHBVN etc.
  3. Subject: Can I Apply for Fresh GST Registration on
  4. Additional place in GST RC
  5. Company 3 months old, INC-20A not filed, all 3 of
  6. How do I choose the Best GST Lawyers in New Delhi
  7. Loss on sale of residential flat after indexing al
  8. Short Deduction
  9. Large mismatch between AIS Business Receipts and G
  10. Income tax on Australian Stipendiary Steward on 3

More recent discussions | Post