Tds deducted under both sec.194 C & 194 Jb. Amount of Income received only Rs.49718.
In which ITR form, I should file the return ITR- 3/ ITR -4 or I can choose any one from these 2 options.
Menu
Which ITR Form ITR-3/ ITR -4
Replies (4)
Quick Summary
Based on the information provided, it appears that you may have income from business or profession, making ITR-3 is the more appropriate choice.
The assesse had not mentioned source of income and other details.
Assessee has mention 194c ie contract business and 194jb that means he is having professional income also... that's y I suggested itr 3.
Income of Rs 49,718 with TDS under 194C and 194J:
• If the receipts are from a profession (194J) and a contract or business (194C), and you want presumptive taxation: ITR-4 supports both 44AD (business) and 44ADA (profession). If no capital gains and total income is up to Rs 50 lakh, ITR-4.
• Report gross receipts (Rs 49,718 split by nature) and claim the TDS. With income below the basic exemption limit, tax is nil, and the TDS is refunded.
• If the receipts are salary-like (e.g. 194J for a part-time professional), they're still professional receipts.
Recent Topics :
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
- Claiming business re-imbursements while filing GST
- E-waybill 14 Digit Numbring
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
Related Topics :
CAclubindia
