Tax Return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2011 During the Py 2010-2011, I had profesional fees income for Oct-Dec'10. For rest of the rest year i.e from Apr-Sept and Jan-Mar'11 I had salary income. Should I file ITR 4? As on 31st March'2011 I was a Salaried employee. How do I give details relating to Nature of business, details of P & L and Bal. sheet etc? Please advice and guide.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

17 July 2011 During the year both Salary & Professional income, so need to file ITR-4

Professional income can be given as Consultancy

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2011 Thank you Mr Ramesh Krishnan. But, can you please further guide me as to how do i give details as to B/S and P & L? As on 31st March, I was not carrying any business or profession. Further on a separate note, during PY 2010-2011, I received salary from two different employer. In respect of details relating to salary schedule included in IT form, name and address of which employer should be given? Whether only present?

Ravikant

Ravikant (Expert)
Follow

17 July 2011

Ravikant

Ravikant (Expert)
Follow

17 July 2011 Mention : Other Services (Code 704)

Instead of filling the BS and P/L fill the Small Schedules (Applicable for books not maintained) just below the BS and P/L mentioning cash balance, debtor creditor if any, and in PL mention gross receipt, expense and profit,,

In Salary Schedule: Mention details of employer from whom received the highest salary, but fill the Total Salary from 2 Employers,,

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

bhagat ram goyal

jagadheswar goud

Jaipal Singh

HITESH PATEL

NISHANT SIPANI

Subscribe Now

Tax Return

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA