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Which Itr form to chose for filing returns

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Amarendra agarwal

21 Points Posted on 14 July 2023

I am an educator in an edtech firm and have tds deducted under 194J(b) in 26AS. So I got to know that I can file ITR-4 as my total income is under Rs. 50L. But when filing ITR-4, under disclosures and exempt income - - > it is asking to mandatory fill the particulars of business such as sundry creditors, debtors etc.

Since I am not running any business, can I opt for ITR-1 even if having tds deducted under 194J(b) or how should I fill ITR-4?

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Quick Summary

This discussion addresses the confusion around choosing the correct Income Tax Return (ITR) form, particularly for individuals with TDS deducted under Section 194J(b). While ITR-4 is generally recommended for presumptive taxation with income under ₹50 lakh, it requires business-related disclosures. The advice clarifies that ITR-1 is not suitable in this scenario and suggests filling minimal details in ITR-4 under the 'No Account Case' if no business is run.