Itr 4
This query is : Resolved
18 April 2013
Respected Sirs
I have a question that, there is a director of a company & he is getting remuneration from Company, he is also incurring expenses on behalf of company & taking reimbursement.
so sir plz tell me what type of ITR he should file & why??
I have a question that, there is a director of a company & he is getting remuneration from Company, he is also incurring expenses on behalf of company & taking reimbursement.
so sir plz tell me what type of ITR he should file & why??
18 April 2013
ITR 1 is sufficient for the said case, doesn't matter he is a director or whatsoever.
in case of expense, in income tax act such practice of doing expense and getting it reimbursed is taxable in case of shareholders.
hence if he is a shareholder too, he may come under net of 2(22)(e) as deemed dividend.
but that too is taxable under other source and again ITR-1 is sufficient.
note: in case he also has other income from other sources, then different forms may be required.
in case of expense, in income tax act such practice of doing expense and getting it reimbursed is taxable in case of shareholders.
hence if he is a shareholder too, he may come under net of 2(22)(e) as deemed dividend.
but that too is taxable under other source and again ITR-1 is sufficient.
note: in case he also has other income from other sources, then different forms may be required.
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18 April 2013
Thanks a lot sir, but plz tell me can we file ITR 4 for this??
and sir plz also clearify who can file ITR 4 ( Except a PROPRIETOR).
and sir plz also clearify who can file ITR 4 ( Except a PROPRIETOR).
18 April 2013
https://incometaxindiaefiling.gov.in/e-Filing/UserLogin/LoginHome.html
go to the option 'I AM' select individual/HUF.
Then on this page click on a words 'click here' on the right side of the page. (or use the key ctrl+F now type click here, you will find where to click)
here is the answer of your itr form related queries.
Your welcome !
go to the option 'I AM' select individual/HUF.
Then on this page click on a words 'click here' on the right side of the page. (or use the key ctrl+F now type click here, you will find where to click)
here is the answer of your itr form related queries.
Your welcome !
18 April 2013
Thanks a lot sir
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