Income tax return

ITR 751 views 8 replies

I am employed in a Company in Hydreabad. I recived professional and technical fees from the company. please tell me which ITR return should i use to file my return as my TDS has been deducted under same head.

Replies (8)
ITR - 4 For Individuals and HUFs having income from a proprietory business or profession

If your tax has been deducted u/s 194J, then you have to fill ITR 4.

i have to file ITR 4 or ITR 4S and how to file the return, basically to claim deduction from expenses and all, as working in company which does not have any expenses to run business and all. so directly file gross recipt and claim deduction of chapter VI A and tax thats all.

please suggest me

 

I Think As An Employee ITR-1 Applicable

@ Abhay, If ur client is not an employee of that comp,u can consider that income as income from businees or profession.so he needs to file ITR IV

and morever even he is working with the comp,he incurs some exp like travelling to office,conveyance,mobile and rent .So u can take those as professional exp and u can claim the same.

Apart from that I think u can claim deductions under chapter VIA

@ Abhay ,I am sorry I think u cant claim deductions under chapter VIA as it is a prefessional Income.

Hello - While filing my ITR online, I missed mentioning my intrest incoime from savings account (above 10K). Would it be advisible for me to file the ITR again (before July 31st)  ? Would it attaract any special attention of AO, seeing why return has been filled twice for same AY within 10 days ?

Regards

Hi

You are rectifying the mistake by revising your return and with a higher income. Hence I think it will not create any problem.


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