I am a contract employee in a pvt ltd. company. They are deducting my TDS u/s 194J Rs. 12K approx . I am working with a single company.Please tell me that my deduct TDS amount will be refunded by which filling of Income Tax return form.
08 June 2017
Since you are getting professional fees, and total receipt is lesser than 50 lakhs, you can offer min 50% of gross receipt as income. So that you need not maintain books of accounts and get audited. (ITR 4 in this case ). If you want to show a lesser percentage below 50% , and your total income is more than basic exemption limit , you will have to maintain books of accounts and get audited. (ITR 3 in this case. )
Querist :
Anonymous
Querist :
Anonymous
(Querist)
09 June 2017
I am work with one company on contract and total income is Rs, 138645/- and TDS amount is Rs. 13865/- . Plz advise me ITR 4 or ITR 3.