consultancy fee in ITR 4

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 July 2010 I'm not able to find the head under which I'll put the income received as 'consultancy fee' in ITR 4...

Can anyone help..
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
22 July 2010 If it is main business then it will be Sales/ Gross receipts of business or profession (Net of returns and refunds and duty or tax, if any)
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Querist : Anonymous

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Querist : Anonymous (Querist)
22 July 2010 No.. its not main business. Worked for two organisations on contract for few months as consultant. Received payment as 'consultancy fee'
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Querist : Anonymous

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Querist : Anonymous (Querist)
22 July 2010 No.. its not main business. Worked for two organisations on contract for few months as consultant. Received payment as 'consultancy fee'
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
22 July 2010 Then show it as other income in P & L in ITR
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CA. Anoop Gadia

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CA. Anoop Gadia (Expert)
22 July 2010 If your business is based on service than put it in sales and other wise add to other income.

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