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Income tax return form

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Jitendra Sahu

Assistant Manager

10 Points Posted on 06 August 2020

I am vocational trainer having income of 2,00,000. my TDS deduct under
194 J which return should I file

Replies (3)

Quick Summary

If you're a vocational trainer with an income of £2,00,000 and TDS deducted under 194J, the correct income tax return form depends on how you treat your income. For casual or one-off income, ITR 1 or 2 might be suitable under 'income from other sources'. However, if your vocational trainer income is regular and substantial year after year, it should be classified as 'income from business and profession', making ITR 4 the most appropriate choice, especially with presumptive taxation.

Sagar Patel

Tax and Business Consultant

11616 Points Posted on 06 August 2020

Selection on income tax return form ITR is decided by the following two factors -

How much is the share of income under a particular head, if there are more than one head of income and
How one want to treat that income.

In your case, if the income as vocational trainer is one time and/or casual in nature (some time it may be there and some time it may not be there) then it needs to be considered as income from other sources and ITR1/2 shall be most suitable.

However, if the income as vocational trainer is going to be substantial, every year and year after year, if it's regular in nature then such income shall fall under income from business and Profession and ITR 4 shall be suitable.

So, from this year and thereafter if every year you will going to receive this income than, You can file return in ITR 4 as prespative Taxation.