Itr form number to be used
This query is : Resolved
26 February 2014
I have a receipts of rs 50 lac for providing services to saree manufacture and on that amount of 50lac, tds u/s 94C has been deducted @1%, comes to 50000..
now my question is which ITR form number should i use to get the maximum refund provided books of accounts are not maintained..I am thinking of using form ITR 4S i.e showing income 8% of receipts..IS my contention true?? or should i use other form no to claim maximum refund..
PLEASE GIVE UR CORRECT AND VALUABLE REPLY
now my question is which ITR form number should i use to get the maximum refund provided books of accounts are not maintained..I am thinking of using form ITR 4S i.e showing income 8% of receipts..IS my contention true?? or should i use other form no to claim maximum refund..
PLEASE GIVE UR CORRECT AND VALUABLE REPLY
27 February 2014
For Filing Return in Form ITR 4S, Assessee should have a business income. In case assessee is providing services he should file return in Form ITR 4.
27 February 2014
For Filing Return in Form ITR 4S, Assessee should have a business income. In case assessee is providing services he should file return in Form ITR 4.
27 February 2014
How can it be a service....
Provide valuable answer with example plx
Provide valuable answer with example plx
27 February 2014
you wrote income from providing services. please explain nature of work performed
27 February 2014
This has to be a job work and not sale. Therefore, ITR in Form 4S cannot be filed
27 February 2014
Yes its like job work...but since no proper accounts maintained so what should i do to claim refund?
27 February 2014
I think you may file in ITR 4S. I have re read the section, it only restricts profession, commission, brokerage and agency business.
27 February 2014
Yes...but i m providing service and deducted tds is u/s 94c for contractual services...so apart from filing itr 4s what should i do to claim maximum refund?
27 February 2014
Yes...but i m providing service and deducted tds is u/s 94c for contractual services...so apart from filing itr 4s what should i do to claim maximum refund?
27 February 2014
Mr. Atit,
You may either maintain books of accounts and file your return accordingly or may avail benefit of section 44AD and file return declaring 8% or more profit on your turnover.
The point is to report your income accurately and not to claim maximum refund.
You may either maintain books of accounts and file your return accordingly or may avail benefit of section 44AD and file return declaring 8% or more profit on your turnover.
The point is to report your income accurately and not to claim maximum refund.
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