{"id":12566,"date":"2023-08-18T12:15:30","date_gmt":"2023-08-18T12:15:30","guid":{"rendered":"https:\/\/vibrantfinserv.com\/kb\/?p=12566"},"modified":"2024-05-23T11:10:11","modified_gmt":"2024-05-23T11:10:11","slug":"technical-consultants","status":"publish","type":"post","link":"https:\/\/vibrantfinserv.com\/kb\/technical-consultants\/","title":{"rendered":"Do technical consultant need to file an income tax return (ITR)?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-18\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png\" alt=\"\" width=\"103\" height=\"49\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ.png 482w\" sizes=\"auto, (max-width: 103px) 100vw, 103px\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/vibrantfinserv.com\/kb\/technical-consultants\/#Technical_Consultants\" >Technical Consultants<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/vibrantfinserv.com\/kb\/technical-consultants\/#For_further_details_access_our_website_https_vibrantfinservcom\" >For further details access our website: https:\/\/vibrantfinserv.com<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Technical_Consultants\"><\/span>Technical Consultants<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-12567 alignright\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/Technical-consultant-300x156.jpg\" alt=\"Technical Consultants\" width=\"212\" height=\"110\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/Technical-consultant-300x156.jpg 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/Technical-consultant.jpg 311w\" sizes=\"auto, (max-width: 212px) 100vw, 212px\" \/>Technical Consultants,\u00a0 Yes, technical consultants are required to file an income tax return (ITR) if their total income exceeds the basic exemption limit. The basic exemption limit for the assessment year 2023-24 is Rs. 2,50,000 for individuals.<\/p>\n<p><strong>In addition, technical consultants are also required to file an ITR if they have:<\/strong><\/p>\n<p>1. Total gross receipts during the financial year exceeding Rs. 50 lakhs.<\/p>\n<p>2. TDS or TCS deducted in excess of Rs. 25,000.<\/p>\n<p>3. Spent more than Rs. 2 lakh on foreign travel.<\/p>\n<p>4. Electricity expenditure is more than Rs. 1 lakh.<\/p>\n<p>Technical consultant can file ITR-3 or ITR-4, depending on their income and expenses. ITR-3 is a more detailed form that requires you to provide information about your income, deductions, and tax liability. ITR-4 is a simplify form that can be use by technical consultant who have total gross receipts not exceeding Rs. 50 lakh and expenses not exceeding 50% of their income.<\/p>\n<p>The deadline for filing ITR for the assessment year 2023-24 is July 31, 2023. However, if you are a technical consultant who is subject to tax audit under section 44AB, then the last date for filing your ITR is October 31, 2023.<\/p>\n<p><strong>To visit: <a class=\"in-cell-link\" href=\"https:\/\/www.incometax.gov.in\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.incometax.gov.in<\/a><\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-12483 aligncenter\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/8.ITR-77.1.jpg\" alt=\"Tax Management for Service Providers\" width=\"185\" height=\"141\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"For_further_details_access_our_website_https_vibrantfinservcom\"><\/span><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;For further details access our website: https:\/\/vibrantfinserv.com\\nTo visit: https:\/\/www.incometax.gov.in&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:1325571,&quot;3&quot;:{&quot;1&quot;:0},&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:16777215},&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:4473924},&quot;15&quot;:&quot;Ubuntu, Helvetica, Arial, sans-serif&quot;,&quot;16&quot;:11,&quot;21&quot;:1,&quot;23&quot;:1}\" data-sheets-textstyleruns=\"{&quot;1&quot;:0}\uee10{&quot;1&quot;:41,&quot;2&quot;:{&quot;2&quot;:{&quot;1&quot;:2,&quot;2&quot;:1136076},&quot;9&quot;:1}}\uee10{&quot;1&quot;:68}\uee10{&quot;1&quot;:79,&quot;2&quot;:{&quot;2&quot;:{&quot;1&quot;:2,&quot;2&quot;:1136076},&quot;9&quot;:1}}\" data-sheets-hyperlinkruns=\"{&quot;1&quot;:41,&quot;2&quot;:&quot;https:\/\/vibrantfinserv.com\/&quot;}\uee10{&quot;1&quot;:68}\uee10{&quot;1&quot;:79,&quot;2&quot;:&quot;https:\/\/www.incometax.gov.in\/&quot;}\uee10{&quot;1&quot;:107}\">For further details access our website: <a class=\"in-cell-link\" href=\"https:\/\/vibrantfinserv.com\/\" target=\"_blank\" rel=\"noopener\">https:\/\/vibrantfinserv.com<br \/>\n<\/a><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Technical Consultants Technical Consultants,\u00a0 Yes, technical consultants are required to file an income tax return (ITR) if their total income exceeds the basic exemption limit. The basic exemption limit for the assessment year 2023-24 is Rs. 2,50,000 for individuals. In addition, technical consultants are also required to file an ITR if they have: 1. Total\u2026 <span class=\"read-more\"><a href=\"https:\/\/vibrantfinserv.com\/kb\/technical-consultants\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[2561],"class_list":["post-12566","post","type-post","status-publish","format-standard","hentry","category-itr-filling","tag-incometax-technicalconsultants-itrfiling"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Technical Consultants\/ Article\/ VibrantFinserv -<\/title>\n<meta name=\"description\" content=\"Technical Consultants,\u00a0 Yes, technical consultants are required to file an income tax return (ITR) if their total income exceeds the basic. -\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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