Dear Sir,
if i am working as a employee. i getting salary monthly 9000/-
Right now, i am on contract basis, did not be permanent.
employer has dedcuted TDS u/s 194c.
Under which head i have to submit my income and which ITR form should i submit ?
4 Replies
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 04 July 2018
| Originally posted by : NITINBHAI PATEL | ||
 |
Dear Sir, if i am working as a employee. i getting salary monthly 9000/- Right now, i am on contract basis, did not be permanent. employer has dedcuted TDS u/s 194c. Under which head i have to submit my income and which ITR form should i submit ? |
 |
You Filled ITR-4
Show income from Professional services.
KOUSHAL JAIN
(Chartered Accountant)
(471 Points)
Replied 04 July 2018
ITR 4 Applicable on you PGBP Income
Anjali P Nair
(ACA,ACMA)
(582 Points)
Replied 04 July 2018
Either u can file ITR 3 or ITR 4 under Profits and gains from business or Profession.
ITR 3- U can prepare P&L account by showing contract receipts and expenses incurred for earing the same and balance profit can be declared as your income under PGBP.
ITR 4-You can declare 8% or more of your total contract receipts on Presumptive basis under section 44 AD.
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