I have one query. During the previous year if assessee is employed in a company for some period. After few months , he left his job & join the other company. However as per terms of his engagement in new company , he will be on contract for first 3 months & he has to submit bill for his professional services rendered on monthly basis , for those 3 months. Thus this will be his income from professional services. Thus details of his income in F.Y. are as follows -
From Apr to June - Income from salary ( in old company ) From Jul to Sep - Income from professional services rendered.( in new company ) From Oct to Mar - Income from salary ( as he becomes regular employee of new company after first 3 months )
Please let me know which form he should use for filing his return of income.
If he already filed his return in ITR-1 Sahaj , is there any need to revise his return.
06 December 2014
Income earned during July to Sep is income from business or profession. Accordingly he has to file ITR 4 since he has rendered PROFESSIONAL services.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
06 December 2014
Thanks ... & what if he already filed return using ITR 1.