Hello, I am a Indian citizen & a salaried employee with salary of around 15 Lakhs.
I have income from other sources which comprise of:
~ Interest from savings bank account
~ Interest from bank deposits
~ Dividend Income All these incomes combine to a value of about Rs. 18,000.
In addition to above, I have intermittent freelancing income from couple of clients based in Europe. The payment is received in my PayPal account & is then automatically transferred to my Bank account periodically. The total freelancing income for the year is about Rs. 5000.
From the point of view of AIS statement, the salary & income from other sources is visible. However, the freelancing income is not appearing in the AIS statement. I wish to know, which ITR form should I file? Furthermore, do I need to declare the freelancing income as income from outside the company? If yes how?
Hoping for your valuable guidance on the above query.
CAclubindia
