My client is having a K-shop (agency) under Bata and receives commission from them where by the electricity & rent paid by the company whereas the salary to employees & other expenses are from his own cost. He receives Form 16-A from Bata. Now Which ITR should i use & can i take these expenses borne by my client
8 Replies
Shah Tarun
(Student)
(800 Points)
Replied 22 July 2011
Yes, surely you can claim all the expenses borne by your client,
You have to file ITR-4 for this,,
Shri Shri
(Professional)
(629 Points)
Replied 22 July 2011
Ok..can i take the expenses made by my client for this residence into account & in ITR 4 there is Balance sheet is it compulsory to fill it.
Shri Shri
(Professional)
(629 Points)
Replied 23 July 2011
why cant i take it as Income from other sources n fill ITR 2
Shah Tarun
(Student)
(800 Points)
Replied 23 July 2011
Because "Income From Other Sources" is a residuary head.Only casual income and income which is not covered under other four heads are taxable under this head,
In your case it's clearly a business income so you have to file ITR-4 and it's better to fill Balance Sheet because it will provide base for later years...
anuj khator
(C.A. final 1st group)
(27 Points)
Replied 25 July 2011
MY CLIENT GIVING A PROFESIONAL SERVICE IN A HOSPITAL AS A ACCOUNTANT
HIS TDS DEDUCTED UNDER 194J
NOW WHICH ITR SHOUD USE. PLZ TELL ME
anuj khator
(C.A. final 1st group)
(27 Points)
Replied 25 July 2011
MYTDS DEDUCTED UNDER 194 J AND I CAN NOT CLAIM MY REFUND FOR F.Y.2009-10
CAN I CLAIM NOW
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