One of my client is Security guard of a nationalised bank having salary income simultenaoulsy He has also given his car on contract basis to a PGVCL electricity company. His 26AS showing tds deducted from both under section 192 and 194C. Now which return he required to file, can he cliam expenses towards car rep. & maintenance, driver dalary, insurance etc. Can he file ITR 1 showing lump sum income of TDS deducted u/s 194C?
Thanks in advance.
ITR 4 or 4S
ITR 4 is right Answer because ITR 1 can be filled only in case of Salary & Interest Income.
Dear Friends,
Thanks for your reply. I have decided to file ITR-4S showing 8% as Profit from his total Income under section 194C.
give your opinion.
Best regs
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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Naveen Fintech Pvt Ltd
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