12 July 2008
My sister worked as Contractual Employee with the Company for first 5 months of the PY, on which TDS Professional was deducted by the company.(i.e. paid as an outside party) Later on she joined another company in capacity of Payroll employee.
In the new ITR's there is no specific form which provides for both types of income i.e. PGBP & Salary.
Pls suggest how to file ITR in this case & which form to be filed.
Also, in case of PGBP income, how much % of expense can be claimed for pursuing services to company. Is there any other document to be filed apart from form 16a i.e. B/sheet or P&L ??
12 July 2008
1.Return should be furnished on Form ITR 4 2. Business expenses are always claimed on actual basis 3. No document is to be attached with the Return of Income
12 July 2008
The expenses incurred may be justified on the basis of cash inflows and outflows. Moreover reasonable expenses incurred in connection with earning may be justified by putting a little effort.
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