If TDS under section 192, & 194 j then which ITR form no. apply i.e. Salary plus consultancy income of doctors, Applicable ITR FORM is?
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Quick Summary
If you have both salary income and consultancy income as a doctor, the applicable Income Tax Return (ITR) form depends on your gross receipts. For consultancy income under Section 44ADA, if your gross receipts are less than £50 lakh, you can use ITR-4. Alternatively, ITR-3 can also be used, though it may require a breakdown of your salary income. The presumptive scheme under Section 44ADA presumes profits at 50% of gross receipts.
You can file form ITR-4. You can show consultany income of doctor under Presumptive Scheme u/s 44ADA, if your Gross receipt is less than 50 lakh from Profession.
Than, You can file form ITR 4. And show Professional income u/s 44ADA presumptive Taxation. Under the presumptive scheme of taxation, profits are presumed at 50% of the gross receipts.
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