Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Dipankar Chakraborty   16 September 2016

Which itr applicable

Sir, my client is a worker in a shop at kolkata earn @ Rs. 6,000 /- pm. He has applied for bank loan for business purpose, now bank demand IT file for back 3 years. My question is that 1). How can he show his income and in which ITR form? 2). 2 years i.e 2014-15 & 2015-16 he can file but 2013-14 how he can file it? If he will file now for 2014-15 then any penalty will impose? Pls clarify me


Learning

 8 Replies

Subrata Bose (Accountant)     16 September 2016

If your client only have salary income then file itr1, but if he has other income also then file itr4.

Subrata Bose (Accountant)     16 September 2016

If your client only have salary income then file itr1, but if he has other income also then file itr4.

Kadem Ramesh (Advocate & Tax Consultant)     17 September 2016

NOW YOU CAN FILE ONLY TWO YEAR I T RETURN ONLY (i.e., F. Y 2014-15 & 2015-16 )

AND YOUR CLIENT IS WORKING IN A SHOP YOU CAN FILE ITR-1 ONLY , IF HE EARNS ANY OTHER INCOME OTHER THAN BUSINESS .

IF ANY BUSINESS INCOME YOU CAN FILE ITR-IV.

 

Ms.Usha Kapoor (CEO)     21 September 2016

fROM bUDGET 2015-16 ONWARDS PEOPLE OR PERSONS WHO EARN .ESS THAN RS. 5 LAKHS   PER ANNUM NEEED NT FILENY INCOME TAX RETURNS. sO IT IS N OT MANDATORY.  IT'S ENOUGH  IF HE /Policy.FILES ITR FORM 2  FOR 2014-15 AND IF POSIVBLE 2013-14. gOVERNMETN WANTS  TO SHOW LOOK TOWARDS XOMMON MAN  APPROACH.

Bikas Singh Redhu (adv)     23 September 2016

Sir,

My client is a housewife aged 53 years having FDR Rs 10 lakh bank deducted TDS of Rs 9800/- which ITR form she had to file for the tax refund.

Ms.Usha Kapoor (CEO)     24 September 2016

iF SHE HAS NO OTHE RSOURCE OF INCOME EXCEPT FDs in Bank wqorth Rs.10 LACS AN DbANK DEDUCTED rS.9800/-  topwards TDS SHE CAN FILE ITR  FORM 1 or Sahaj OR ITR fORM 2A  as per her wish to claim refund.. Sahaj or ITR form 1 can be fioled by  individuals only. Whewre as ITR form  2A can be filed either by individuals o rHUF. If you appreciate thi sanswer please click the thank you button on this forum.

Ms.Usha Kapoor (CEO)     24 September 2016

iF SHE HAS NO OTHE RSOURCE OF INCOME EXCEPT FDs in Bank wqorth Rs.10 LACS AN DbANK DEDUCTED rS.9800/-  topwards TDS SHE CAN FILE ITR  FORM 1 or Sahaj OR ITR fORM 2A  as per her wish to claim refund.. Sahaj or ITR form 1 can be fioled by  individuals only. Whewre as ITR form  2A can be filed either by individuals o rHUF. If you appreciate thi sanswer please click the thank you button on this forum.

Ms.Usha Kapoor (CEO)     24 September 2016

<p>iF SHE HAS NO OTHE RSOURCE OF INCOME EXCEPT FDs in Bank worth Rs.10 LACS AN bANK and  Bank DEDUCTED rS.9800/-&nbsp; topwards TDS SHE CAN FILE ITR&nbsp; FORM 1 or Sahaj OR ITR fORM 2A&nbsp; as per her wish to claim refund.. Sahaj or ITR form 1 can be filed by&nbsp; individuals only. Whewre as ITR form&nbsp; 2A can be filed either by individuals or HUF. If you appreciate thi sanswer please click the thank you button on this forum.</p>

 


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register