ITR Form for TDS on Income deducted under Section 194J

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  1. achili

    achili New Member

    Thank You..

    One more small doubt.. as you said ITR 4 is difficult to fill... is it possible for me to file the returns using ITR Form 1 ?? Is there any problem If I file returns using ITR Form 1, showing the income from second company as other sources??

    For FY15- April, May months I got FORM 16 and remaining moths I got FORM 16A.

    I have to get almost 25K as returns..
     
  2. Karan Batra

    Karan Batra Well-Known Member

    @achili Your major source of income is not salary and it is being earned as a consultant.

    Therefore, it is better to file ITR 4 instead of ITR 1

    If your major source of income had been salary - you could have filed ITR 1
     
  3. achili

    achili New Member

    Thank You Karan..
     
  4. achili

    achili New Member

    @Karan Batra : Hi Karan,

    Could you please give me your contact details, need your help in filling ITR Form 4..
     
  5. Karan Batra

    Karan Batra Well-Known Member

  6. achili

    achili New Member

    @Karan Batra :

    Hi Karan,

    In ITR 4 : Do I need to select the section 44AA or 44AB??
    (I have worked only 4 months as consultant)
    I got 4 months salary only and 10% TDS has been collected on it.. Is it possible to claim returns of these 4 months tax??

    4*6250 = 25000 Tax has been collected.

    My total income for FY15 was 302000 only. The remaining 52K I got as salary.

    I dont have any proofs or account books :( .. Do I need to maintain any proofs to claim returns?? (In my case total income itself is around 3L.... (2.5L is non taxable right??) and I have 80C for remaining).

    Please help me in this..
     
  7. Shehin MK

    Shehin MK New Member

    please help me...
    The scheme of section 44AD is designed to give relief to small taxpayers engaged in any business, except the following businesses:
     Business of plying, hiring or leasing of goods carriages referred to in section 44AE.
     A person who is carrying on any "agency business".
     A person who is earning income in the nature of commission or brokerage

    Do Advertising agency come under "agency business" as mentioned above?
    if yes can 44 AD can be applied?
    (TDS u/s 194 J is deducted from payment to the adv. agency)
     
  8. Shehin MK

    Shehin MK New Member

    please help me...
    The scheme of section 44AD is designed to give relief to small taxpayers engaged in any business, except the following businesses:
     Business of plying, hiring or leasing of goods carriages referred to in section 44AE.
     A person who is carrying on any "agency business".
     A person who is earning income in the nature of commission or brokerage

    Do Advertising agency come under "agency business" as mentioned above?
    if yes can 44 AD can be applied?
    (TDS u/s 194 J is deducted from payment to the adv. agency)
     
  9. GOVARDHANA

    GOVARDHANA New Member

    Sir,
    What is the difference between ITR 4 and ITR 4S

    Govardhan
     
  10. Karan Batra

    Karan Batra Well-Known Member

    @GOVARDHANA : ITR 4S is used where books of accounts are not maintained and the return is filed based on presumptive taxation under Section 44AD or Section 44AE

    In all other cases, ITR4 is to be used to disclose income from business
     
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