I am an Independent Contractor. I have a contract with a Company for 1 yr. I provide them IT Service.
The company pays me via a foreign bank.
Which ITR Form and Section I should fill?
Thanks
Gaurav Yadav (19 Points)
14 April 2022I am an Independent Contractor. I have a contract with a Company for 1 yr. I provide them IT Service.
The company pays me via a foreign bank.
Which ITR Form and Section I should fill?
Thanks
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 14 April 2022
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 14 April 2022
Gaurav Yadav
(19 Points)
Replied 14 April 2022
In the official ITR 4 Sugam, I found they mentioned that under section
Who is not eligible to use this Return Form
A. This Return Form should not be used by a person who –
(a) is a Director in a company;
(b) has held any unlisted equity shares at any time during the previous year;
(c) has any asset (including financial interest in any entity) located outside India;
(d) has signing authority in any account located outside India; or
(e) has income from any source outside India
After reading (d) and (e) I am confused wether I can fill ITR 4 ?
Gaurav Yadav
(19 Points)
Replied 14 April 2022
Does the client sending money as a fee for my IT(Software) Service will be considered as under (e)
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 14 April 2022
sabyasachi mukherjee
(26057 Points)
Replied 15 April 2022
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 15 April 2022
sabyasachi mukherjee
(26057 Points)
Replied 16 April 2022
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 16 April 2022
Susmita Dutta, CA , CPA
(CA )
(2141 Points)
Replied 16 April 2022
Section 44AD is applicable only for business.44ADA is a simple method of taxation for small professionals .
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