Tax Return
This query is : Resolved
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.
17 July 2011
During the year both Salary & Professional income, so need to file ITR-4
Professional income can be given as Consultancy
Professional income can be given as Consultancy
Message likes :
1 times
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?
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,,
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,,
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Confusion around Form 26QB fields
- Sale of property furniture sale
- Filing of Form 10BB instead of Filing Form 10B
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
