sir/mam i am a employee in it firm
but my employer deducted my tds under sec 194j do i am confused wheather i have to file itr1 or not
i have no earning thereafter
pls suggest me your correct opinion.
16 Replies
Hari Beldona
(ACA)
(1533 Points)
Replied 28 July 2021
Collect Form-16 from employer file your tax return in ITR-1
Ankit Neema
(2742 Points)
Replied 28 July 2021
That means your employer is showing it as an professional exp. am I right ?
So I think you can file ITR 4, and choose 44ada if your profession falls in specified profession.
That's my view.
So I think you can file ITR 4, and choose 44ada if your profession falls in specified profession.
That's my view.
Hari Beldona
(ACA)
(1533 Points)
Replied 28 July 2021
As per your first query you stated that you are an employee of firm 44ADA not applicable
Ankit Neema
(2742 Points)
Replied 28 July 2021
If he is taking it as a professional service that means your employer is not considering you as a employee,on records
veera
(self)
(289 Points)
Replied 28 July 2021
Sir it's means that the sum i received on monthly basis it will be my gross receipts
Hari Beldona
(ACA)
(1533 Points)
Replied 28 July 2021
If your employer pays you every month as professional fee and he has dedicated TDS u/s 194J in such case you can file ITR-4 u/s 44ADA
veera
(self)
(289 Points)
Replied 28 July 2021
Sir it's means that the sum i received on monthly basis the total of that amt for the year will be my gross receipts
Is i am correct?
Is i am correct?
Hari Beldona
(ACA)
(1533 Points)
Replied 28 July 2021
Yes no allowable expenses, 50% of gross receipts will be treated as your income on presumptive basis
veera
(self)
(289 Points)
Replied 28 July 2021
Yes sir my total receipt is low then the exemption limit
I am only filling the ret for my tds refund
I am only filling the ret for my tds refund
Hari Beldona
(ACA)
(1533 Points)
Replied 28 July 2021
Sorry You didn't have clarity despite my try to solve your queries
Ankit Neema
(2742 Points)
Replied 28 July 2021
Mr Veera I will suggest you that you should file your ITR with the CA
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