13 August 2015
Dear Sir One of my client is doing HR works on contract basis. The company is deducting tax @ 1% and provided TDS certificate. My Query is in Which ITR the return have to be filed. Income is less than 200000/-; If 4S what will be the nature of business??
23 August 2015
Income from HR Consultancy is taxable under the head Profit and Gains of business or profession and therefore ITR4 needs to be filed. Showing it as Income from Other sources will not be correct, technically.
CAclubindia
