For FY 20-21, I have
1. Salary Income for 8 months (TDS deducted u/s 192) &
2. Retainer Fee for 4 months (TDS deducted u/s 194JB)
3. Interest on deposits with private (TDS deducted u/s 194A)
For the retainer fee, can I claim 50% under 44ADA and file my return using ITR 4.
Please suggest
Thanks. My retainership is actually for 12 months from Dec 20. In FY 20-21, 4 months (Dec 20 - Mar 21) and in FY 21-22, 8 months (Apr 21 - Nov 21). If I am filing ITR4 for fy 20-21 & 21-22, can I file under ITR 1 from 22-23 since I will not receive any retainer fee from that year.
Thanks Nidhi for the clarity.
Is there any condition that the person claiming should be professionally qualified?
Please confirm on:
1. Is there any condition that the person claiming should be professionally qualified for claiming under 44ADA.
2. Has anyone filed ITR 4 (online mode) with 10IE and got it e verified.
SKAA & Associates
New Delhi
CA Inter
View Details
Boutique Investment Bank & Transaction Advisory Firm
Gurgaon
CA
View Details
CAclubindia
