Hello experts,
i'm working in a engineering company as "contract employee" and the company pays me "consultation fee". i have received Form16a and all payments are shown under "194J - Fees for Professional or Technical Services". I have no other income or professional expenditure.
I have the following questions?
1) Where in the excel sheel "2012_ITR4_PR9.xls", do you i enter the total payment received? is it as below?
>> in the excel sheet, in worksheet "PART PL" under the row "1.Sales/ Gross receipts of business or profession (Net of returns and refunds and duty or tax, if any)"
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1 |
Sales/ Gross receipts of business or profession (Net of returns and refunds and duty or tax, if any) |
2) what is the criteria for "Are you liable to maintain accounts as per section 44AA?". Total payment received 5 lakh p.a. this year. Previous Assessment year, i was salaried employee and used ITR-1. should i answer "yes".
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Are you liable to maintain accounts as per section 44AA? (Select) |
Appreciate your kind help.
Thanks,
CAclubindia
