Filling of returns
sanjeev kumar (112 Points)
10 March 2016
What type of ITR form should be filled by an individual who is A CA OR CMA OR CS and working as a an employee in a company
3 Replies
shweta bhatter
(CA)
(173 Points)
Replied 11 March 2016
Here the word "employe" plays a major role. A professional who is working as an employyee is deemed to get salary from the company and he is liable to file ITR1- for SALARIED employees
Alternatively, if a professional is working in a company but he is not an "employee", he will received professional fees from the company, and he can file ITR4- for BUSINESS/PROFESSION, where he can emphasize on his profession.
shweta bhatter
(CA)
(173 Points)
Replied 11 March 2016
It is advisable that if you do not have any other income other than salary, you should use ITR-1.
ITR 2A is applicable for those who have salary income and own more than one house property and DO NOT have any capital gains.
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