Become a Govt. Certified GST Practitioner in just 58 hours. Register Now!

Fees for professional or technical service

CA Bhupinder Arora (Accounts Executive) (76 Points)

30 July 2012

Can anybody tell me which Income Tax Return form is used for Fees for professional and Technical service income u/s 194 J ?

Reply
Follow
Share

2 Replies

KIYOSH (TAX CONSULTANT) (332 Points)
Replied 30 July 2012

ITR 4 FORM

REGARDS

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

shivaji prasad bhimavarapu (CHARTERED ACCOUNTANT) (2391 Points)
Replied 30 July 2012

ITR 4 is to be used for if Total income constitutes Professional fee/Technical fee. Pl take care if Professional receipts are coming under Sec.44AB ie. the gross receipts are Rs.25.00 lakhs for AY 2013-14 ( For AY 2012-13 it is Rs.15.00Lakhs).And also as per Sec 44 AA , books of account are to be maintained if the Total Income is exceeding Rs.1,20,000/- or the Gross receipts from profession other tahn the specified Profession like,Doctors etc.,exceed Rs.10.00 lakhs.