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Querist : Anonymous

Querist : Anonymous (Querist)

05 September 2013 Dear Sir,
An individual assessee who has only fd interest income. Which itr form would be applicable.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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05 September 2013 File ITR 1.

Querist : Anonymous

Querist : Anonymous (Querist)

05 September 2013 whether this income will go in the head of income from other sources?

and what are the consequences if we use itr 4 instead of itr 1.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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05 September 2013 Yes it will be shown under the head income from other sources. ITR 4 is for per Assessee having Income from Business or Profession. So you using ITR 4 does not make sense. Also you will have to fill Balance Sheet and Profit & Loss account.

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