Tax Return

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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?

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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,,