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Ramkrishna (Accountant)     02 March 2009

ITR for professional receipts

I AM RECEIVING PROFESSIONAL FEES INSTEAD OF SALALRY FROM A CO. BY ISUING BILL IN THEIR NAME.  MY QUERY IS THAT WHICH ITR WILL BE APLICABLE FROM ME...WHETEHER ITR 4 OR ITR 1...........



 4 Replies

Dhananjaya.N

Dhananjaya.N (Asst. Manager Finance & Accounts)     02 March 2009

Hi Ramu,

It will be come under ITR 1.

CA.E.Deepan Chakravarthy

CA.E.Deepan Chakravarthy (CA and CS Executive)     02 March 2009

Hi, You should file return ITR - 4. If it is salary return - ITR 1 Regards
CA Parvin Ahuja

CA Parvin Ahuja (Chartered Accountant)     02 March 2009

Since you are issuing bill and getting professional receipts you have to file your ITR in form No.4.

CA.Tarun Maheshwari

CA.Tarun Maheshwari (CA, DISA)     02 March 2009

ITR 4 only.


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