A unique case: which itr form applies ?

ITR 771 views 17 replies

Thanks for all the replies. The person will show zero salary and use ITR 4 for the profits from freelance programming.

Replies (17)

Thanks for all the replies. The person will show zero salary and use ITR 4 for the profits from freelance programming.

Hi Shanthi,

Salary would not be charged in hands of Director as company has not shown salary as due to Director in their books. In case in next year, if company decided to give all arrears to directors for previous years before being winding up, it will be charged to tax in hands of Director at the time of receipt of such arrears.

 

Thanks and Regards,

Manoj B. Gavali

 

How to report PPF interest in New Itr for AY 15-16?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register