Hi
I am Vijay, am Resident Indian. I am working in a Private Limited Company as well as running a Textiles shop (Properitor). Kindly let me know, which ITR form to be used, ITR 1 or ITR4 or ITR4S for the AY 2013-2014.
I am running this shop for less turnover of 1 Lakh during that year. I should file ITR 1 and I should show this income from business in the "income from other sources" in ITR 1. is there any problem for using ITR 1?
If I use the ITR 4 or ITR4S, the IT Return Form having Balance Sheet and P&L of the Firm, as i am the only person and not much of investment, there is no requirement of BS, P&L and TB for me.
Kindly guide me, I can use ITR 1 or ITR4. If ITR4 is suggested, I can show only the income or loss in the ITR 4 form without mention the BS and PL, it is possible.
Regards,
VIjay
CAclubindia
