I am getting paid Rs. 60,000 per month as a professional fee, and an additional Rs. 8,000 per month towards accommodation allowances, with TDS being deducted at 10.3% on both (Rs. 68,000 per month). I understand I will receive Form 16A at the end of the year and will need to file my returns. Which form do I need to use? Will it be ITR-4? I have no idea how to prepare income tax returns as a professional, although I would like to seek assistance from a tax consultant. I am very interested in understanding the calculations, such as permissible deductions and exemptions. If someone would be kind enough to guide me on how to prepare my Saral/ITR for a professional (194J), I would highly appreciate it. Looking forward to hearing from all the experts here.
Thank you.
Sam
From India, Madras
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Thank you.
Sam
From India, Madras
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Form ITR-1 SARAL AY201011.pdf