Income tax return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 January 2016
I have query of filing income tax return,
If my income shown in different year under different head of income , example my professional income shown in 1st year return as a business income & filed ITR-4, In 2nd year my professional income shown as a income from other sources & filed ITR-1.
I have query whether i can file income tax return in this way is correct or not.
whether any interest or penalty leviable.
If my income shown in different year under different head of income , example my professional income shown in 1st year return as a business income & filed ITR-4, In 2nd year my professional income shown as a income from other sources & filed ITR-1.
I have query whether i can file income tax return in this way is correct or not.
whether any interest or penalty leviable.
09 January 2016
Not Correct. If you have professional income, form should be ITR-4
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
