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

Professional income can be given as Consultancy

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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)
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17 July 2011

Ravikant

Ravikant (Expert)
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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,,

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