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ITR for doctors who worked on contract basis in a Govt institute

ITR Filing 820 views 3 replies

Hi,

I am a doctor and till the last financial year I have been filing returns with ITR-4 and using 44ADA provision for presumptive income.

Last year I joined a Govt institution as a student for a course. I was paid a stipend during this period. After completing the course, I worked in the same institution on contract basis for 6 months. 

My query is whether I am eligible to use the presumptive income provision of 50% for any of these periods, especially when I was working on contract basis.

In my Form 26AS, the amounts for both periods have been paid under Section 192.

Replies (3)
Your TDS has been deducted u/s 192B that means u have to show your income under the head salary and not by using 44ADA provisions of the Act.

Thanks for the prompt reply! I guess I can then file my return with ITR-1 then for the last FY. Also, if I file with ITR-1 now, is there any issue in shifting to ITR-4 next year?

No there won't be any issue ..


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