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Income tax return

Abhay (a) (44 Points)

17 July 2012

I am employed in a Company in Hydreabad. I recived professional and technical fees from the company. please tell me which ITR return should i use to file my return as my TDS has been deducted under same head.

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8 Replies

N.Naveena Maheswara Rao (Assistant manager for accounts) (1096 Points)
Replied 17 July 2012

ITR - 4 For Individuals and HUFs having income from a proprietory business or profession

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Aswathi (NA) (58 Points)
Replied 17 July 2012

If your tax has been deducted u/s 194J, then you have to fill ITR 4.

Abhay (a) (44 Points)
Replied 17 July 2012

i have to file ITR 4 or ITR 4S and how to file the return, basically to claim deduction from expenses and all, as working in company which does not have any expenses to run business and all. so directly file gross recipt and claim deduction of chapter VI A and tax thats all.

please suggest me

CHIRAG DOSHI (Tax Consultant & Practice in The Field of Account Taxation Service Tax Vat Sales Tax) (86 Points)
Replied 18 July 2012

I Think As An Employee ITR-1 Applicable

CA.Varalakshmi.M (Manager-Finance) (482 Points)
Replied 18 July 2012

@ Abhay, If ur client is not an employee of that comp,u can consider that income as income from businees or profession.so he needs to file ITR IV

and morever even he is working with the comp,he incurs some exp like travelling to office,conveyance,mobile and rent .So u can take those as professional exp and u can claim the same.

Apart from that I think u can claim deductions under chapter VIA

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CA.Varalakshmi.M (Manager-Finance) (482 Points)
Replied 18 July 2012

@ Abhay ,I am sorry I think u cant claim deductions under chapter VIA as it is a prefessional Income.

A_B_B (Compliance) (55 Points)
Replied 18 July 2012

Hello - While filing my ITR online, I missed mentioning my intrest incoime from savings account (above 10K). Would it be advisible for me to file the ITR again (before July 31st) ? Would it attaract any special attention of AO, seeing why return has been filled twice for same AY within 10 days ?

Regards