Dear Sir
Kindly advise Mr.X has salary income from part time and full time Rs.206000 and Rs.76000 so during file ITR he needs to add both salary income and show under Gross Salary as per section 17(1) Rs 282000. (2) Mr.x has maintained books of account in one shop so where he show the income.
(3) Mr. X has saving account interest Rs.2332 from 3 saving accounts (1100+489+743) need to show only total value because no option available in portal to bank wise.
please suggest
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ITR-1 Assessment year 2022-23
Replies (14)
Quick Summary
Savings account interest is eligible for deduction under section 80TTA.
Use ITR-4 and include salary+ shop
Use ITR-4 and include salary+ shop
File ITR 1
There is shop also . So it is covered under business or profession
Either ITR-3/ ITR-4 can be used
Either ITR-3/ ITR-4 can be used
Sir, it's not my shop i spent one hour daily to maintain books of account of owner. As per books of owner he mention Expenses under salary.
If it is salary then you may go for ITR-1 . If it is consultancy then you may go for ITR-3/4
Show both salary income cumulatively, saving also to be show combinedly in ITR-1. No need to fill any details even if you have maintained books of accounts.
@ Naveen ,
Working on hourly basis may come under the consultancy or professional work.
So ITR-3/4 may be used
Working on hourly basis may come under the consultancy or professional work.
So ITR-3/4 may be used
You replied this thing earlier also
Thank you Rashmi Mem,
Welcome Dear
It is very wrong to go for ITR-1 if there is income from business/ profession..
Suppose if you professional receipts 35000/- and tds deducted 3500/- . Is it right to consider it under salary?
Suppose if you professional receipts 35000/- and tds deducted 3500/- . Is it right to consider it under salary?
Wher it is written that there is professional income
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