Itr

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 December 2014 If a person has income from consultancy service or from coaching student .Can he file return in ITR4S,o$. Thanksr he should f

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 December 2014 No. ITR4 should be filed. ITR4S is not for professionals.

Querist : Anonymous

Querist : Anonymous (Querist)

01 December 2014 Thank you Sanjay for your advice. I was going through ITR 4S form for AY2014-15 on official website of income tax. In activity column they they have mentioned type of business or profession .In the instruction of the same form they have mentioned 0703 consultancy services and 0705 coaching/computer education.As you have mentioned ITR 4S is for business ,than why in activities 0703 and 0705 are maintained.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 December 2014 This is just a mistake as the datavfield has been copied from ITR4. May also like to see below links--

https://www.caclubindia.com/experts/itr-form-4s-1840439.asp#.VHyZ5TGUfUs

https://www.caclubindia.com/experts/itr-form-fo-ay-14-15-1731229.asp#.VHyZjTGUfUs

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