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