ITR2 or ITR4?

ITR 1036 views 17 replies

Hi,

I have someone who has filed his ITR-2 for salary income & Short Term Capital Loss on 30th July 2009 (for FY 2008-09). Later, in November 2009 he receives arrears for professional fees, TDS is deducted and Form 16A is issued to him.

Because his income is below exemption limit, he wants to claim his TDS back. Now, if he wants to show that income in FY 2008-09 for which he has already filed ITR-2...what should he do? Should he file revised ITR-2 or file an ITR-4?

Is it compulsory to file ITR-4 if Form 16A is issued? This person also received Form 16 for his salary income.

Please let me know.

Thanks!

Replies (17)

Show the income in the current F Y. i. e. 2009 - 10 and claim TDS in this yer itself.

But if the Form 16A is for FY 2008-09..can we show income in FY 2009-10?

I think he is suppose to fill ITR 4 now... As the arrears for professional fees are the part of PGBP only and not IOS...

 

 

But let others answer too..

He is required to file ITR-2 in same manner for the financial year 2009-10 as the Tax is deducted during the financial year 2009-10 for which Relevant A.Y. 2010-11.

regards,

ratan

But the income shown in Form 16A is for FY2008-09...so shouldn't he file ITR-2 or 4 for FY 2008-09?

You can always claim TDS of last year if you forgot to claim in last year in the current year provided the income is shown in the year of claim of TDS.

Ok...but if we want to file a revised return, we can do that too right? If yes, can claim this professional fee under revised ITR-2...correct?

yes, ITR-2 is to befiled for that.

regards,

ratan

Hi jones, the person is supposed to file ITR 4 only brother

How can he file two different ITR in the same year...he can only do a revised return of the ITR right?

if u file Different ITR forms for the same assessment year, then u r invited the A.O. for further questioning as well as.

So keep that point.

regards,

ratan

Keeping what Mr. Ratan is saying, I think revised ITR-2 would be the best option as we can mention Acknowledgement of previous return for easy tracking of our filing.

Jones, why dont u get it buddy...

 

The person claim that TDS this year, THERE IS NO NEED TO FILL A REVISED ITR.......

 

 

 

And moreover, if u fill revised ITR 2, how can u claim TDS for PROFESSIONAL INCOME in that... Rather, tell ur client to claim such amount this year....

Yes as i have stated earlier in this discussion u can claim TDS on last year in this year and there is no need to file revised return.


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