Is there a specific section in the ITR form for reporting income from contractual services?

By | August 14, 2023

Contractual Services IncomeContractual Services Income

Contractual Services Income, Individual taxpayers in India usually report their income from contractual service under the “Income from Profession or Business” section of the Income Tax Return (ITR) form.

Depending on the nature of the contractual service, taxpayers would need to provide details about their income, expenses, and other relevant information in this section.

However, tax forms and regulations can change over time, so I recommend checking the latest version of the ITR form or consulting with a tax professional or the official website of the Income Tax Department of India to get the most up-to-date and accurate information regarding reporting income from contractual service in the ITR form.

To visit: https://www.incometax.gov.in

18% GST payable on Services provided by Subcontractors to Main Contractor pertaining to Irrigation, Construction, Maintenance Works to Irrigation Dept: AAR

 

 

 

For further details access our website: https://vibrantfinserv.com

 

Leave a Reply

Your email address will not be published. Required fields are marked *