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Devendra (Querist)
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23 July 2010 Mrs X has received salary for the F.Y 2009-10 . She has also received professional income during the year on which TDS has been deducted. Actually she has received this prof. fees only for this year, she is actually not a professional. So my question is under what head should I show the prof. fees recd.? Which ITR should I use? Do I have to prepare a P&L and B/S?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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23 July 2010 For professionals ITR 4 is applicable but since she is not professional you file ITR 2 showing this income as income from other sources.

Gayathri Devi

Gayathri Devi (Expert)
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24 July 2010 Show her Professional income under the head income under other sources & claim deductions u/s 57 for the expenses that she incurred to arrive that Professional Income for this ITR 1 is enough because it includes Salary & other sources income

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