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ITR FORM no.?

MADHVENDRA NARAYAN (ARTICLE / AUDIT ASSISTANT) (143 Points)

28 September 2020

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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4 Replies

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 28 September 2020

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.

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 28 September 2020

You may use ITR-3 or ITR-4.

If it is ITR-3 then you may have to provide breakup for gross salary in ITR..

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MADHVENDRA NARAYAN (ARTICLE / AUDIT ASSISTANT) (143 Points)
Replied 28 September 2020

Gross receipt is less than 50 lakh from profession plus salary 10 lakh from hospital.

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 28 September 2020

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.