Confustion in ITR forms

Page no : 2

sabyasachi mukherjee (27579 Points)
Replied 02 August 2023

It's wrong itr is selected on the source of income and nature of income.

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Musrath Shaik (175 Points)
Replied 02 August 2023

Based on the information provided, here's a general guideline to help you determine the appropriate ITR form for the individual who receives a salary of ₹2,00,000 per year and also earns income from small contract works with TDS under section 194C.

Income from Salary: The individual's primary source of income is from salary, which is ₹2,00,000 per year.
Income from Other Sources: The individual also has income from small contract works, which falls under "Income from Other Sources."

Given this information, you would typically consider the following:

ITR-1 (Sahaj): This form is for individuals having income from salary, one house property, other sources (like interest), and agricultural income up to ₹5,000. However, since the individual in question has income from small contract works (which is not just interest income), ITR-1 might not be suitable.

For further more detailed information on this topic visit: ITR: Income Tax Return

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