What ITR is most suitable for me for AY 2017-18?

ITR 516 views 20 replies

@ Raja   Mr sanjith has TDS deducted u/s 194J and 192 . So he cannot file ITR-1

. So ITR-4 sugam under section 44ADA only should fill.  E3 and E4 apart from salary, one House property and other income.should be filled

Replies (20)

@ Raja   Mr sanjith has TDS deducted u/s 194J and 192 . So he cannot file ITR-1

. So ITR-4 sugam under section 44ADA only should fill.  E3 and E4 apart from salary, one House property and other income.should be filled

okay ITR 1 is not suitable...
But, Why he file 44ADA...? What is the factor you find the income as lecturer...?
If he file ITR 1 as income from other sources for 2nd income.....

But how can i file under ITR 4 - S 44 AD as i am not a business with turnover less than 2 crore

Mr Raja above says - You don't file ITR 4 u/s 44ADA.Your lecturing income is not professional income.

Therefore ITR 4 is out

ITR 2 is not for those earning income from Business or profession

If i use ITR 3 where do i place this income as i am of course not audited (and can i claim petrol and books as expenses towards earning that income 

I need to understand whether my part time lecturing income is professional income or not

If it is not professional income then why not ITR-1 (under other sources).  But will i get TDS benefit? (though  i will not get expenses benefit.

Thanks

@ raja  if ITR-1 is filed he cannot claim  TDS which is deucted under section 194J. He can claim only TDS u/s 192.

Lecturing or tutoring or coaching classes comes under technical services.

@ sanjit @ Raja  In Trade name you put your name and  in Trade code select 

0705 - Computer training/Educational institute/Coaching

Fill ITR-4 Sugam only .  in TDS fill all three  TDS1 (salary -sec 192)  TDS2 (other than salary)  - 194J   and   IT ( advance tax paid)   if applicable. 

i hop this is clear


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