Income tax return form

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2012 One of my client has foll income during the year -

1. salary (1.4.12 to 21.10.12)

Client left the job on 21.10.12. On 1.11.12 he joined another company as a Financial Analyst.

Since he was employed on contract basis uptil March'12, the new company deducted tax u/s 194J as professional fees.

Now m confused which ITR to be filed.
ITR 1 or ITR 4.

If ITR 1, then its ok.
But if ITR 4, then how to show Gross receipts, any exp , etc under non maintenace of books.

Please advice urgently.

Thanks

Amol S Joglekar

Amol S Joglekar (Expert)

29 July 2012 I take these date as 2011 and not 2012. Better file itr4

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)

29 July 2012 You said company deducted TDS u/s194J so company considered as professional fee not as salary so ITR-4 is recommended.

And deductable expenses travelling expenses, telephone expenses etc... which are possible to met.

OM SAI SRI SAI JAI JAI SAI

Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2012 Thank u 4 replying .

But how to fill the details under bS & P&L under non maintenance.

Amol S Joglekar

Amol S Joglekar (Expert)

29 July 2012 Prepare the balance sheet and profit and loss account. ELSE fill NO ACCOUNT CASE. Then balance sheet and profit and loss details are not required to be filled.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)

29 July 2012 Every person no need to fill BS&PL those who have professional gross receipts of Rs.150000 are required to fill BS&PL.

OM SAI SRI SAI JAI JAI SAI

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