Question ID :
40915
Income from business or profession
I am professor in college. My salary is 22 lakh for Financial year 2019-20. And in addition to salary, I received
(1) Rs. 30000/- (thirty thousand) from answersheet evaluation
(2) Rs. 50000/- (fifty thousand only) as honorarium from examination duty
In this regard, my question is that can I fill ITR-4 for AY 2020-21?
Is it possible to fill above additional income given in point no 1 and 2 in ITR-4 (BP) tab under 44........
Posted by
ASHISH KUMAR BAJPAI
on
Dec 08, 2020
Filed Under
Income From Salary
ItR-4 can be filed in this case. But income from both honorarium should be shown under income from other sources.
Posted by
CA. chunauti dholakia on
Dec 09, 2020
Answer ID :
80830
Amount as in point (1) and (2) cannot be filled in ITR-4 (BP) since it forms part of Salary and received by virtue of the employment.
Posted by
B.CHACKRAPANI WARRIER on
Dec 11, 2020
Answer ID :
80839
Why ITR -4 , why not ITR-1?
Posted by
CA. BISHT RAKESH on
Dec 15, 2020