ITR filing
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 September 2010
A person is employed on a contract basis with a company and his earnings are less than Rs.100,000/- p.a. He is not getting Form No.16 as he is not an employee.
Which form should be filed, ITR 2 or ITR 4? If ITR 4 is filed, he will have to prepare Balance Sheet but, he is not doing any business. Can this income be shown in ITR 2 under Income from Other Sources? Please advise at the earliest.
Which form should be filed, ITR 2 or ITR 4? If ITR 4 is filed, he will have to prepare Balance Sheet but, he is not doing any business. Can this income be shown in ITR 2 under Income from Other Sources? Please advise at the earliest.
24 September 2010
ITR 4 Bcoz it is Professional income but as u say his income is not taxable it is very less so u can show it as a salary income and file ITR 1
If you like i can provide u Service for return filling.
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If you like i can provide u Service for return filling.
Call me
+91 9022838615
Email me
email2ars@gmail.com
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 September 2010
But, it is not a salary, can he still file ITR1? Actually, he is looking for a home loan and so filing the return. But, he dont want to get into Balance Sheet and other details?
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