Hello all,
I have a query regarding which head to declare my income under and also which ITR form to use. I am currently doing marketing/ blogging for a design firm and also managing social media for another company. I work from home in both cases and receive a fixed monthly cheque from each company. One of them also has been deducting TDS at 10% each month and have provided me a TDS certificate for the same. My net payable tax is less than the TDs already deducted so I will be getting a refund.
My confusion is whether I can declare these two sources of income under 'Salary' in ITR-1 or under 'Income from other sources'. Or else if I should be using a whole other ITR (ITR 4 has been suggested from online research)
Also, I intend to apply for a US/ Schengen visa next year and am concerned they might reject my application on the basis of ITR-4 because of me being a 'freelancer' instead of a 'Salaried' person.
I would be very grateful for any advice. Thanks a lot in advance.
CAclubindia
