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Which ITR form to fill - Professional services in a company

Kumar (N.A.) (31 Points)

16 July 2011

Hello,

I work in a company but the salary that they pay me is shown as "Fees for professional service" instead of Salary.

I think i need to file ITR-1 Sahaj form but am a little unsure about this. I do not have any other source of income. I do not maintain any account books as i get the pay on monthly basis but there are no components like Basic, HRA, etc shown in the payslip that is given. In the form-16 they have mentioned under "Nature of Payment" "194-J-Fees for professional or technical services". Is this the correct form for me?

Also in the Sahaj form under Schedule TDS2, there is a cloumn titled "Amt out of tax deducted claimed this year" which i am not able to understand. What figure has to be entered in it?

Thanks

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12 Replies

p v s sudhir kumar (0) (48 Points)
Replied 16 July 2011

Dear Sir,

From the given details it is clear that one is a profissional income so it is taxable under the head Business or profission (According to Sec28 of Income Tax Act) so you are entitled to file ITR 4 and it will found under the below link

https://incometaxindiaefiling.gov.in/portal/downloads.do

And in that there are Financial statements and they are depend upon you tornover(i.e Gross receipts from your profissional Income), if your gross receipts are crossed Rs 15 lacs you have to maintain the books of acoounts under section 44AA of the Income tax Act, the shedule of TDS2 is for the persons who have the form 16 credit in that the last colomn that you are asked , this colomn describes that how much amount credit you want to utilise during that previous year, if you are utilising so it will carry forwarded to the following assment year

Thank You

3 Like

CA. MANAL CHAWLA (CA + CS Professional) (566 Points)
Replied 16 July 2011

First of all u should take form 16A from ur co. instead of form 16 and filled ITR 4 form only.

2 Like

@*CS Siddharth Bumb. * (B.Com, CA Final, CS ) (5270 Points)
Replied 16 July 2011

yes..first take form 16... as correctly stated by both of my friends... then deduct TDS u/s 194j..then u have to file ITR-4 and show income under PGBP as income from profession...

1 Like

Kumar (N.A.) (31 Points)
Replied 16 July 2011

Thanks for all the replies.

The income does not exceed 1Lakh/annum. And there is no other source of income. I do not work under my own company name. After receiving the form-16 i am surprised with the section the amount that i have been given is put into and now i am finding it confusing.

I am not in a position to file ITR online as when registering on the IT site there is some issue with my data that is with the IT deptt so i have to go the manual/offline way.

I got to know that now only 2 ITR forms are there (Sahaj and Sugam). I looked carefully again at my form and it is actually form 16A. And i am filing return because i have to take the refund.

Do i need any more info/form from the place where i work? Under ITR-1 also there is a section of Income from other source(professional), won't this be good?

Thanks

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 17 July 2011

its PGBP and only form 4 or 4S can be filed for such income

PARDEEP KUMAR (MANAGER ACCOUNTS) (24 Points)
Replied 28 July 2011

Dear PVS Sudhi

Can You send me the Excel File of ITR-IV. if you have.

My income is from Salary & Professional/Techincal Service And where i show this income ( Professional/Techincal Service )

my email is pradeepchauhan1978 @ gmail.com

Regards

Pardeep

Kiran Kumar Reddy (ARTICLE STUDENT) (26 Points)
Replied 22 August 2012

why dont we file itr-1 instaed of itr-4.??if i dont want to claim any expenses what i have spent for rendering those services...then what is is the wrong in filing itr-1..we can show the income under the head income from other sources..im not maintaining any books of accounts...then i think it is better to file itr-1...please reply me sir/madam..

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 22 August 2012

Originally posted by : Kiran Kumar Reddy
	why dont we file itr-1 instaed of itr-4.??if i dont want to claim any expenses what i have spent for rendering those services...then what is is the wrong in filing itr-1..we can show the income under the head income from other sources..im not maintaining any books of accounts...then i think it is better to file itr-1...please reply me sir/madam..

ITR 1 or sahaj does not mean for incomes eligible for TDS u/s 194H/194J or 194C, so if you have no TDS, then opt for it, otherwise forget your TDS refund claim.

SHARATH R.AIL (ACCOUNTS EXECUTIVE) (25 Points)
Replied 31 October 2012

i think you can file return under the category ITR - 1 and show it under income from other sources if you dont have any other income and this is only your source of income

ARJUN SAINI (n.a) (43 Points)
Replied 18 June 2016

hi ,, ,

I am a little bit confuse company deduct my tds u/s 194 j but i have no other source of income i am doing only job in company i am surprised every month 10% tds deduct from my salary and my income is not come under govt slab rate . in that case which itr form i file .

itr - 1 , 4s , 4 plz suggest me.,

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 18 June 2016

Originally posted by : ARJUN SAINI
	hi ,, , I am a little bit confuse company deduct my tds u/s 194 j but i have no other source of income i am doing only job in company i am surprised every month 10% tds deduct from my salary and my income is not come under govt slab rate . in that case which itr form i file . itr - 1 , 4s , 4 plz suggest me.,

deduction under section 194J means you are deputed as professional, not employed,

so file ITR IV and claim the TDS deducted u/s 194J

Rahul Chudasama (9 Points)
Replied 27 July 2017

HI,

My friend is a DJ and he got his fees after deducting tds us 194J in AY 2017-18

Please suggest me which ITR form to be use to file return & get refund and in ITR form, where i want to enter the total amount of his fees. If i enter the amount of fees in PGBP, should he maintain books of account ? because, the amount of fess exceeding 120000.

Please help me.