Which ITR to opt?

ITR 635 views 8 replies

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

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


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