I have been filing ITR-1 in the past as I am a salaried individual. In the last FY, I undertook a project for which I was paid the fee under the category 194J(b). Now my AIS form has two tables for TDS. Salary and Business receipts.
In this case, which ITR should I be filing? Can I add this income as "Income from other sources" in ITR-1 and continue? Or should I be filing any other ITR forms?
File ITR 4 which is as good as ITR 1. & declare the profession income u/s. 44ADA of the act.
Thanks, Mr. Dhirajlal. I tried filing ITR-1 and found that the TDS deducted by the firm that paid me is coming under income from other sources (prefilled). So if I add my income from the same firm as other income, will that be okay? This was a one-time professional fee.
If its one time, you can continue as suggested. Under TDS column you may have modify the entry as income declared in 'OS'
Thanks, that was super helpful.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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