professional fees

Aditi (Job) (205 Points)

27 February 2018

If someone has professional fees and tds is being deducted than which form is to be filled for ay 2017-18

Reply
Follow
Share

5 Replies

Rishi Mehta (Ur friend ) (1533 Points)
Replied 27 February 2018

ITR 3 need to be filed in your case and where in professional fee shall be declared as business income.

Aditi (Job) (205 Points)
Replied 27 February 2018

So i need to fill balance sheet na?

Aditi (Job) (205 Points)
Replied 27 February 2018

Actly i filled up itr 1 do i need to revise?

Rishi Mehta (Ur friend ) (1533 Points)
Replied 27 February 2018

Balance sheet is required when your gross professional receipt exceeds the limit specified under section 44AA.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 27 February 2018

Yes... You can revise Your ITR if it's wrongly filed..

Start a New Discussion