02 July 2015
I have a regular salary job for 10 months in last year. For two months, I have done consulting (engineering/software). The income from consulting is less than a lakh of rupees.
1) Which return form do I fill? Under which head will I enter my consultancy income?
2) Do I need to get my accounts audited? or Can I maintain books on my own. I have very simple expenses like phone/internet. No depreciation etc.
02 July 2015
1 File ITR 4, consultancy income enter it as profit from business or profession. 2 No need for audit. Maintain your own books and claim the expenses.
09 August 2015
While filing return for AY 2015-16 for the consultancy (software consultancy, less than 1L, expenses are only telephone and conveyance). I am maintaining my own accounts
Should I fill under category where books of account are maintained or under "no account case" (Section P&L)
what should I fill for
Are you liable to maintain accounts as per section 44AA (section - general)
Method of accounting (Mercentile or cash) -- section OI