Which ITR to use

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126 Points Posted on 30 November 2020

A person is being employed on contract basis. His employer deducts TDS u/s 194 J Which ITR he will use ?

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On 30 November 2020 at 12:31 Report
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This discussion explores the correct Income Tax Return (ITR) form for an individual employed on a contract basis where TDS is deducted under Section 194J. The conversation suggests that ITR 4 might be suitable, especially if the income can be declared under Section 44ADA as presumptive income. However, it also raises questions about whether documentary evidence for expenses is still required even when opting for presumptive taxation.

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574 Points Posted on 30 November 2020
ITR 4
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On 30 November 2020 at 13:09
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126 Points Posted on 30 November 2020

Could you please tell as to where to fill the income receipts?

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On 30 November 2020 at 13:22
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126 Points Posted on 30 November 2020

shall I show the receipts under salary head?

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On 30 November 2020 at 13:26
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Tax consultant
5895 Points Posted on 30 November 2020
Itr 3 or 4 depends upon the source of income you get
did you get form 16 from your employer
can you elaborate more
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On 30 November 2020 at 15:18
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3924 Points Posted on 30 November 2020
He will get from 16A , as he is not employee , prepare P&L and Balance sheet , check out 26AS
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On 30 November 2020 at 16:17
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GST Practitioner & Accounts
15146 Points Posted on 30 November 2020

1) Income will be form Business & profession ,  ( He is on contract no employer & employee relation )  

2) Total  amount  received  -  total  expense incurred for the purpose of  earning  this income 

    ( expense with documentary evidence )  personal expense not allowed as an expense 

3)  ITR3 / ITR4  check  out .   

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On 30 November 2020 at 16:32
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126 Points Posted on 02 December 2020

receiving 60,000 pm and TDS is deducted u/s 194 J 

Will ITR 4  be the correct return ?

There is no other source of income, will it be shown under Section 44ADA in ITR 4?

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On 02 December 2020 at 02:09
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126 Points Posted on 02 December 2020

If it shown u/s 44ADA in ITR 4, then 50% of receipts will be treated as income In that case, still there is a need to maintain the documentary evidence of expense?

Total annual income = 60,000*12=720000, in this case 360000 will be offered as income.

Is this the correct approach?

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On 02 December 2020 at 02:16
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GST Practitioner & Accounts
15146 Points Posted on 02 December 2020

What  is your  profession ?. Are you filing  ITR for  F.Y 2019-20 ?. 

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On 02 December 2020 at 08:26
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Tax consultant
5895 Points Posted on 02 December 2020

Itr 4 is ok  you can take 50% as pressumetive as per your proffession which  I don't

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On 02 December 2020 at 10:58

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