My client is having a K-shop (agency) under Bata and receives commission from them where by the electricity & rent paid by the company whereas the salary to employees & other expenses are from his own cost. He receives Form 16-A from Bata. Now Which ITR should i use & can i take these expenses borne by my client
Menu
Which ITR to opt?
Replies (8)
Yes, surely you can claim all the expenses borne by your client,
You have to file ITR-4 for this,,
ITR 4
Ok..can i take the expenses made by my client for this residence into account & in ITR 4 there is Balance sheet is it compulsory to fill it.
ITR 4....& no need to fill B/S colums
why cant i take it as Income from other sources n fill ITR 2
Because "Income From Other Sources" is a residuary head.Only casual income and income which is not covered under other four heads are taxable under this head,
In your case it's clearly a business income so you have to file ITR-4 and it's better to fill Balance Sheet because it will provide base for later years...
MY CLIENT GIVING A PROFESIONAL SERVICE IN A HOSPITAL AS A ACCOUNTANT
HIS TDS DEDUCTED UNDER 194J
NOW WHICH ITR SHOUD USE. PLZ TELL ME
MYTDS DEDUCTED UNDER 194 J AND I CAN NOT CLAIM MY REFUND FOR F.Y.2009-10
CAN I CLAIM NOW
Related Threads
CAclubindia
