Itr 4

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sunil kumar (Querist)
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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??

CA Vikas Acharya

CA Vikas Acharya (Expert)
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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.

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sunil kumar

sunil kumar (Querist)
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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).

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CA Vikas Acharya

CA Vikas Acharya (Expert)
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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 !

sunil kumar

sunil kumar (Querist)
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18 April 2013 Thanks a lot sir