Tds on salary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2012 If a person is employed on contract for 2 years and employer has been deducting TDS u/s 194 J Professional category, then which form is to be used for filing return and amt recd o be treated as salary or professional income.

Amol S Joglekar

Amol S Joglekar (Expert)
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07 June 2012 ITR 4. Income from profession.

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C.A Anshul Singhal

C.A Anshul Singhal (Expert)
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07 June 2012 Sahaj (ITR-1) www.simpletaxindia.net
Individual
Income from salary/pension: or
Income from one house property(excluding where loss brought forward from previous year): or
Income from other sources( excluding winnings from lottery and income from races horses)

Note:Further in a case where income of another person like spouse,minor child,etc.is to be clubbed with the assessee this return form can be used only if the income being clubbed falls in to above income categories.

ITR-2 www.simpletaxindia.net
Individual / HUF
Individual who can not file Sahaj above and where the total income does not include any income chargeable to income-tax under the head “Profits or gains of business or profession”,

ITR-3
Individual / HUF
partner in a firm and income chargeable to income-tax under the head “Profits or gains of business or profession” does not include any income except the income by way of any interest, salary, bonus, commission or remuneration, by whatever name called, due to, or received by him from such firm

ITR-4S
Individual / HUF
deriving business income and such income is computed in accordance with special provisions referred to in section 44AD and section 44AE of the Act for computation of business income

ITR-4
Individual / HUF
Not covered in sr number 1 to 4 Above and deriving income from a proprietory business or profession

ITR-5
Partenership Firms (& others)
Not being an individual or a Hindu undivided family or a company or a person to which Sr no 8 applies.Applicable for All source of Incomes

ITR-6
Company
Not covered in 8 below.All Income heads

ITR-7
person including a company whether or not registered under section 25 of the Companies Act, 1956
required to file a return under sub-section (4A) or sub-section (4B) or sub-section (4C) or sub-section (4D) of section 139

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C.A Anshul Singhal

C.A Anshul Singhal (Expert)
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07 June 2012 Sahaj (ITR-1) www.simpletaxindia.net
Individual
Income from salary/pension: or
Income from one house property(excluding where loss brought forward from previous year): or
Income from other sources( excluding winnings from lottery and income from races horses)

Note:Further in a case where income of another person like spouse,minor child,etc.is to be clubbed with the assessee this return form can be used only if the income being clubbed falls in to above income categories.

ITR-2 www.simpletaxindia.net
Individual / HUF
Individual who can not file Sahaj above and where the total income does not include any income chargeable to income-tax under the head “Profits or gains of business or profession”,

ITR-3
Individual / HUF
partner in a firm and income chargeable to income-tax under the head “Profits or gains of business or profession” does not include any income except the income by way of any interest, salary, bonus, commission or remuneration, by whatever name called, due to, or received by him from such firm

ITR-4S
Individual / HUF
deriving business income and such income is computed in accordance with special provisions referred to in section 44AD and section 44AE of the Act for computation of business income

ITR-4
Individual / HUF
Not covered in sr number 1 to 4 Above and deriving income from a proprietory business or profession

ITR-5
Partenership Firms (& others)
Not being an individual or a Hindu undivided family or a company or a person to which Sr no 8 applies.Applicable for All source of Incomes

ITR-6
Company
Not covered in 8 below.All Income heads

ITR-7
person including a company whether or not registered under section 25 of the Companies Act, 1956

ITR-8
required to file a return under sub-section (4A) or sub-section (4B) or sub-section (4C) or sub-section (4D) of section 139

C.A Anshul Singhal

C.A Anshul Singhal (Expert)
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07 June 2012 ITR -4 FOR PROPRIETORY BUSINESS & PROFESSIONAL