Itr for contract employee
pravin (ARTICLE ASSISTANT) (24 Points)
10 August 2016
RUDRA
(CA FINAL)
(149 Points)
Replied 10 August 2016
Originally posted by : pravin | ||
MY FRIEND IS WORKING ON CONTRACT EMPLOYEE BASIS. AND THE TDS DEDUTED BY THE COMPANY IS UNDER SECTION 194C. SO CAN HE FILED HIS RETURN IN ITR-1, UNDER OTHER SOURCES OR NOT |
contract based employees must file itr-4 or 4s under income from business or profession
Harish varun
(217 Points)
Replied 20 May 2022
Because the status of this sort of workforce differs from that of an employee, the manner in which they pay taxes differs as well. Because there is no employer-employee relationship in this scenario, their income will not be taxed under the head Income from Salaries, and they will be unable to file ITR 1/ ITR 2 Forms when filing their tax returns.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)