Income tax return

ITR 172 views 2 replies

HI Everyone,

One of my friend had left his job in december 31st 2015 and started working with a new company from jan 4th 2016 as a professional Consultant. The new company pay him after deducting TDS @ 10%.

The earlier company had dedcuted TDS as per Income Tax  on Salary  tax slab for the period Apr-Dec 2015.

My query is Which ITR form should i use to file his return and Can I show expenses towards amount received towards Income from the new company for the period Jan-Mar 2016?

Thank you so much.

Shibsankar Ghosh

 

 

 

Replies (2)

If both are salary as master servant relationship, ITR should suffice, if 2nd contract then see 26as under which section tax has been cut then decide form

I think, you should file ITR-4


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