My client is a pensioner and also working as a contract employee. Pension income comes under 'income from salaries' while contract payment comes under 'Income from Profession' for which Presumptive Scheme of taxation is applicable.He is asking about the eligibility for 50% deduction towards expense in respect of contract receipt as per Section 44 ADA? Which Income Tax Return Form is applicable in this case
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Guest
working as contract employee
so relation of employee and employer is there
is he gives bill for his services
if relation of emploer and employee is there then itr 1
if receiving pesnion and payment for reise invoice then go for itr 4
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