ITR

 Can anybady help me for filing return?

a person is production manager and he receipt amount approx 117000 and tds deduct on this with the rate of 10.3%. what will you suggest for filing of return in which form and which type of expenses can show in returns? (A.Y.2009-10)

 

Its urgent.......

Replies (6)

Dear Vipin,

The rate of deduction & nature of work suggests that the deduction is made u/s 194 J, Professionals.

Therefore Income will fall under PGBP & I think ITR - IV will be required..

Regarding expenses, whatever legitimate expenses this person has incurred in earning this income can be deducted, like conveyance, telephone charges, etc

Mr. Vipin kumar,

I do also think it will fall u/s 194 J - Professional payment category

Income from Profession / business ...Therefore, ITR 4 is the return and legitimate expenses incurred are allowed....

please file return in ITR-IV under 194J for A.Y. 09-10

itr 4 would be required to filled, u can expenses directly or indirectly linked for earning of this prof fees like conveyance, books, laboratory tests , tel exp, etc depend upon case to case

thnx to all....

but clarify me one thing also that could he also fill his return in ITR2?

 

i need ur valuable answer.

Dear Friends,

The ITO has rejected ITR 4 in this case.

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