Sir I am receiving salary income of Rs 9 Lakhs per annum and also I have received an amount of Rs 20000 on account of car rental how to show income in ITR and which ITR

Ans: If your pension is from a fund that your employer has contributed, it is to be filed under the head 'Income from Salaries'.

If on the other hand, you invested into an independent policy from your funds alone (without any contribution from your employer), then it is to be filed under 'Any other income' of the schedule 'Income from other sources'.

Ans: In both the cases you can use ITR 2 to file your tax returns.

ITR 2 is used to file tax when you have income from salary, income from house property, income from capital gain and loss (in your case shares), foreign income, etc.

Ans: Hello Investor , Please consult your Chartered Accountant for the same.

Ans: Dear Anonymous,

Based on the information you've provided, the individual you're referring to is considered a Non-Resident Indian (NRI) for tax purposes in India. As an NRI, the individual is only taxed on income earned or accrued in India.

The professional fees of 2.3 lakh earned for research work from an educational facility in India is taxable income. Since the income is from professional services, it should be reported under the head "Profits and Gains from Business or Profession" in the Income Tax Return.

As for the form to be used for filing the return, it would be ITR-3. This form is applicable for individuals and HUFs having income from profits and gains of business or profession. However, it's always a good idea to consult with a tax advisor or chartered accountant to ensure the correct form is used and all income is accurately reported.

I hope this helps!

Best regards.

Ans: You can bifurcate the rental income into the ratio of ownership ( yourself and your spouse). The very purpose of providing AIS to tax payers is that , they may report errors if any to the department and it can be rectified. you can report the error, if any through Compliance portal.