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Which return is to be filed for Income as Stipend to doctors

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T Anusha

Student

29 Points Posted on 11 August 2020

Hii,

I am having a doubt. Client is having only income as Stipend who is pursuing DNB. He is getting stipend of Rs.40,000/- on which TDS u/s 194J @ 10% is deducted monthly. Their annual fee of DNB is Rs.70,000/-

can we claim rent as per Sec 80G ??

Now how the income to be treated and which ITR is to be filed for that ??

Can we treat it as IFOS in ITR 1 or Presumptive Income in ITR 4

Thankyou in advance

Needs your suggestion

Replies (5)

Quick Summary

This discussion clarifies the correct Income Tax Return (ITR) to file for doctors receiving stipends, particularly when TDS under Section 194J is deducted. It explores the possibility of using presumptive taxation under Section 44ADA and filing via ITR 4. Additionally, the advice covers claiming rent deductions under Section 80GG and clarifies that tuition fees are generally deductible by parents, not the student, under Section 80C.

T Anusha

Student

29 Points Posted on 11 August 2020

Please help me in this

Sagar Patel

Tax and Business Consultant

5533 Points Posted on 11 August 2020

You can file your Income tax return under presumptive Taxation u/s 44ADA as TDS is deducted u/s 194J from stipend Income.
You can also claim 80GG rent Deduction subject to limit and fulfillment of condition prescribed u/s 80GG.

T Anusha

Student

29 Points Posted on 11 August 2020

Thank you very much sir

Sir, he is also paying Rs.70,000/- as Tution fee per year

can we claim deduction of Rs 70,000 as tuition fee ??

if yes under which section ?

Sagar Patel

Tax and Business Consultant

5533 Points Posted on 11 August 2020

Under section 80C tuition fees (excl. development fees or donation ect.) paid to any university, college, school or other educational institution situated within India for the purpose of full-time education of children is allowed as Deduction.

So, if his Parents is paying fee than his parents can claim Deduction, but he can not claim any Deduction.

Note: As income of Person is already less than 5,00,000/-, there is no tax liability (Zero tax) whether you claim any Deduction or not.