Relevant itr to be filed

This query is : Resolved 

27 July 2012 Hi , I am in receipt of stipend from my company , for which TDS is deducted u/s 194J as Professional Fees. I have received From 16A for the FY 2011-12.

Which ITR am i suppose to use to file the returns ? I have a refund of tax.

thanks/Regards

27 July 2012 ITR 4 is the option available to you.

27 July 2012 Thanks a lot.

However my payslips doesnot specify if it is stipend or salary. And the designation is Fixed time hire. Yet TDS is U/s 194J. So is it a professional income ? also what would be the consequences of filing ITR 1 in liew of ITR 4 ?


27 July 2012 Yes it is professional income. In case you will file ITR 1 there is chances that TDS credit will be disallowed.

28 July 2012 Amol & Prashanth, thank you so much. ;P



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