POSTED BY February 16, 2014 2:00 pm COMMENTS (2)ON
Manish Ji, I have a few questions on IT return filing. In current FY (2013-14), my estimated income will be Rs. 2.7 – 2.8 lakhs. I have put 1 lakh in PPF so I know I wont have to pay tax. Now my questions are:
1. Somewhere I read that below 5 lakhs it is not necessary to file IT returns. Is it true? So, in my case do I have to file IT return?
2. If I have to file, which form should I choose? I work as a contractual lecturer in a college (and get salary), and earn Google AdSense revenue through blogging. I also get some direct payments from companies / individuals for website designing / SEO / guest blogging / freelancing etc. Once I was told it would be ITR-2. But will blogging revenue and freelancing remuneration be considered earning from profession? Will it be ITR-4 in that case?