if there is business income & also professional income den which return to be filed i.e itr4 or 4s??
is it correct to claim the full professional income & not claim any expenses??
how to show both business & professional income in p/l??
Priyanka (student) (132 Points)
31 July 2014if there is business income & also professional income den which return to be filed i.e itr4 or 4s??
is it correct to claim the full professional income & not claim any expenses??
how to show both business & professional income in p/l??
MOHIT MAHAJAN
(LCS, ACA)
(2050 Points)
Replied 31 July 2014
I think 4s is only for presumptive business income...for other business/profession income only 4 is to be used.
Mihir
(Wealth Manager)
(5293 Points)
Replied 01 August 2014
You may file ITR-4 and show income from business/profession and also claim expense deduction.
CS Abhijeet soni Advocate
(CS LLB MCOM MBA (FINANCE) MPHIL CA INTER PGDCA PGDA&PR )
(931 Points)
Replied 01 August 2014
CAclubindia
