Hi,
- You filed the correct form but presentation was wrong. I may assist you in filing of defective return.
Thanks
Which ITR type is used by consultant & under which section they mention the payment (done u/s 194j)?
Hi, I worked for a company in 2018 for 4-5 months as an education consultant. The payment was made u/s 194j. 10% tax was deducted at the spot. My total income in the period was 188000 and a total of 18800 was deducted. I was living in BLR on rent and had no other source of income (neither from any property or business). Since I was doing it for the first time, I referred to the information given on clear tax site. It mentioned that Consultants use ITR 4 form & put their income as profilts and gains from business. So to file ITR this year I had mentioned my whole income under 'profits from the business' & didn't mention any income under sections 44ada, or 44ad. I have received proper receipts & form 16 (3 copies mentioning the whole amount) as well that has all information about the deductor and tax deduction dates & challan no. etc. Recently, I have got an intimation by CPC that my ITR is defective. since I haven't disclosed my income in any of the 44 section, I am not eligible for ITR 4 form, but I should fill ITR 2 or ITR 5 form. My question is what should I fill the ITR 2 form? Then, under which section should I mention the amount? Also, in the intimation, it said that no information should be changed in the form except for the defect they mention, but I don't think that they have caught the defect right. My mistake is entering the amount in wrong section. How do I fix that? Also, will I be able to save my taxes? I paid 18800 on the income 188000, which is really high and I was told that later I could file tax return and save it.
Asked 5 years ago in Income Tax
Hello, Mr. Vivek Thanks for responding to my query. Kindly tell me what do I need to do now? I received the notice on 14th Nov and got 15 days' time to fix it. I did respond with 'No' and asked them to provide solution but they haven't yet.
Asked 5 years ago
You need to file ITR-4 against defective return notice with CORRECT PRESENTATION.
Dear Sir
Here is my reply to your query:
You can file the revise return in response to the intimation reviced by you regarding defective return.
For that you have to login on the income tax portal and file the revise return - ITR -4 disclosing a the income "₹188000" under the section 44ADA and also disclosing the same as profit as per sec 44ADA.
Also make sure that some mandatory fields needs to be filled before filing the return that is
Value of closing stock
Value of closing debtors
Cash in hand
You can mention zero in all such fields of there is no information regarding that.
I hope i will be able to resolve all your queries. And in case you need more specific solution then you need to consult a professional personally who can see all your documents and provide you the situation oriented solution.
Thanks and Regards
Divya Chugh
- You only need to file the revised return of Income using ITR-4. There is no need to file ITR-2. Under ITR-4, select section 44ADA and you can show taxable income minimum of 6% of total receipts or actual prfoit whichever is higher. Please share the details on my email aroravivek1982@gmail
- In the notice, reason of defect is also mentioned. Please visit page no.2. Is it intimation u/s 143(1) or notice u/s 139(9).
- There is no need to panic and you will get refund of Rs.18,800 because your taxable income is below the threshold limit.
You can share documents. I will file it without any fees.
Hello,
You need to revise your return and file ITR-4 with correct disclosures.
No need to file ITR-2.
I hope that this answer satisfies your requirements. For further understanding, you can contact us directly or take a phone consultation.
Regards,
CA Hunny Badlani
Advisable to hire a CA for this rather than doing it yourself.
Dear Sir,
Hope you are doing well !!
You only need to file revised return by using ITR 4.
You don't need to file ITR 2.
Please share the copy of notice with us.
We may assist you in filing revised return.
If thats your only income you will get the entire refund, as you have filed the return wrongly and you should have shown income u/s 44AD.
Secondly how did you show income under the head profit from business and profession in ITR 4 without filling the other mandatory fields of ITR 4.
ITR 5 is not applicable to you nor ITR 2.
If you need my assistance you can contact me personally and I shall try help you to get refund.
Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.
Thank you.
They wont provide any solution you have to provide them solution for which you need actual professional, so if you need any assistance feel free to contact me.
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