I have a friend who's source of income is salary but last year along with salary he earned other income on which TDS u/s 194C was deducted at 1%, can he claim expense like SALARY paid to employee in CASH on that other income, if yes how should i show it in ITR1 Form? Please Help
Menu
Income tax return - urgent
Replies (3)
If TDS u/s 194C has been deducted, then to claim that TDS credit, he will have to file ITR-4.
Can he file his return using ITR 1 next year as henceforth he wont be receiving that other income?
Yes, he can change the return, based on the nature of Income.
Recent Topics :
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
- ADT-3 not filed by previous Auditor
Related Topics :
CAclubindia
