Income tax query
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 December 2012
Hi,
I have some query regarding Income Tax return.
I worked at 2 institute on Part time basis.
I got payment total payment of Rs 10000 by working in both institute(i.e. rs 5000/month in each institute)
Also I am in the business of sales and repair of Computers and printers.
So my query is
1)I am going to file ITR 4 where i mentioned business income as INCOME FROM FIRM.SPECULATION WITHOUT BOOKS.44E
(Profession without books of a/c)where in mentioned income and expenses generally occured
So is it right way or should i make entry in balance sheet and trading P n L a/c format
2)My next query is the institute where i am working are very small firms. So which option should i consider in Income from salary head
a) salary with deduction
b)salaries,allowances and perquisites
c)salary as per form 16
d)salary as monthly table
Plz help me
I have some query regarding Income Tax return.
I worked at 2 institute on Part time basis.
I got payment total payment of Rs 10000 by working in both institute(i.e. rs 5000/month in each institute)
Also I am in the business of sales and repair of Computers and printers.
So my query is
1)I am going to file ITR 4 where i mentioned business income as INCOME FROM FIRM.SPECULATION WITHOUT BOOKS.44E
(Profession without books of a/c)where in mentioned income and expenses generally occured
So is it right way or should i make entry in balance sheet and trading P n L a/c format
2)My next query is the institute where i am working are very small firms. So which option should i consider in Income from salary head
a) salary with deduction
b)salaries,allowances and perquisites
c)salary as per form 16
d)salary as monthly table
Plz help me
04 December 2012
1. You should file ITR 4S.
2. You will show salary as per Form 16.
2. You will show salary as per Form 16.
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