ITR-1 Assessment year 2022-23

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729 Points Joined December 2021
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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On 23 July 2022 at 10:41 Report
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CFO- at NHTF
58280 Points Joined August 2012
Savings account interest is eligible for deduction under section 80TTA.

Use ITR-4 and include salary+ shop
1 Reply
On 23 July 2022 at 14:34
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Assistant
155 Points Joined February 2018
File ITR 1
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On 23 July 2022 at 16:28
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CFO- at NHTF
58280 Points Joined August 2012
There is shop also . So it is covered under business or profession

Either ITR-3/ ITR-4 can be used
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On 23 July 2022 at 21:05
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729 Points Joined December 2021
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.
1 Reply
On 24 July 2022 at 09:40
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CFO- at NHTF
58280 Points Joined August 2012
If it is salary then you may go for ITR-1 . If it is consultancy then you may go for ITR-3/4
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On 26 July 2022 at 08:43
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Chartered Accountant
86505 Points Joined April 2011
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.
4 Reply
On 26 July 2022 at 22:56
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CFO- at NHTF
58280 Points Joined August 2012
@ Naveen ,

Working on hourly basis may come under the consultancy or professional work.

So ITR-3/4 may be used
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On 27 July 2022 at 07:20
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Chartered Accountant
86505 Points Joined April 2011
You replied this thing earlier also
7 Reply
On 27 July 2022 at 09:39
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729 Points Joined December 2021
Thank you Rashmi Mem,
2 Reply
On 30 July 2022 at 09:57
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Chartered Accountant
86505 Points Joined April 2011
Welcome Dear
1 Reply
On 01 August 2022 at 20:42
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CFO- at NHTF
58280 Points Joined August 2012
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?
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On 04 August 2022 at 07:56
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Chartered Accountant
86505 Points Joined April 2011
Wher it is written that there is professional income
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On 04 August 2022 at 09:10
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CFO- at NHTF
58280 Points Joined August 2012
👍🏻👍🏻
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On 20 August 2022 at 21:59
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Chartered Accountant
86505 Points Joined April 2011
Keep goings
1 Reply
On 20 August 2022 at 23:51


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