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Income tax

Pramod Ghade (Account Executive) (28 Points)

10 October 2016

Hello, I have received Professioanl fees from a Company, they have deducted TDS under which i should file my return..i.e ITR-1, ITR-2... ITR-4 Or shoould i file under ITR-4, no account case, will it be considerable. please help me

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177928 Points)
Replied 10 October 2016

Usually in such cases ITR 4 is used with accounts mandatory, but from AY 2017-18, in many of such cases ITR 4S could be used, u/s. 44ADA.

If the said professional receipts are not your main source of income, then you can also think of ITR1, ITR 2A. or even ITR 2 , depending upon other liabilities.

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CMA Poornima Madhava (CMA) (13112 Points)
Replied 10 October 2016

Since the payer has deducted tax at source (probably u/s 194J), it is better to file ITR4. However, if such income pertains to FY16-17, then provisions of sec 44ADA can be availed if beneficial, as suggested by Mr.Rambhia.

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