Hi everyone...which ITR form should my uncle use..he has retainer fees (professional income ) for part of the year and salary income for the part of the year..plz advice asap...
6 Replies
Sourabh Sharma
(CS CA (Final) M.com NCFM Derivative Capital Market Mutual Funds)
(771 Points)
Replied 28 July 2009
ITR IV
Balasubramaniam A
(Student CA Final )
(22 Points)
Replied 23 July 2015
Should the person maintain books for claiming just the travelling allowance as an expenditure? Also I would like to know if he can pay tax u/s 44AD, i.e. 8% of his gross receipts
Atul Arora
(None)
(67 Points)
Replied 24 July 2015
If the profession is in the list of 'specified profession' then ITR4 or else ITR4S. If ITR4, then books are to be maintained under 44AA.
Balasubramaniam A
(Student CA Final )
(22 Points)
Replied 02 August 2015
The assessee is offering the entire income received as retainer fees for the purpose of IT. is it still necessary to maintain the books? Thanks in advance
Recent Topics
- Linking adhaar to UAN without employer
- WHETHER ITC REVERSAL TH. GSTR 3B OR DRC03
- Advance Tax For Freelancers
- Is fvu 8.8 version available ?
- Interest and penalty on advance tax shortfall
- Joint Account with 3 legal heirs.......
- TCS adjustment
- GST audit and scrutiny
- GSTR9 Table 8 - 8A and 8B difference is 4D(1). in
- Eway Bill query for inter state
Related Threads
CAclubindia
