Correct nature of business - 194j - software consultant

File ITR - 4 as you have earned professional income. In your case select the Code 0607 (Other). If your Income is less than Rs. 120000, then there is no need to prepare Balance Sheet and a Profit & loss A/c.

Regards,

Devendra

Devendra

Let me know  that u replied that income is less than Rs. 120000 so no need to prepare B/s and P&l

here income means Gross icnome or Total income or Net income or Taxable Income

please clarify the doubt ?