18 August 2015
One of my clients is retired state government employee. He has received pension income during P.Y. 2014-2015. In addition to pension he has received income from consultancy services from company on which adequate % of TDS has been deducted. In P.Y. 2013-2014 same was the case. But as due to lack of time as he came during last 4 days of July, I have filed ITR-4S so that B/S and P&L need not be given. He is also having agriculture land but not doing any agricultural activity. Consultancy services he provides may last for 2 more years then he will not receive that income. Till the period he retired he has filed salaried income. If I give B/S and P&L then I have doubt that query may be raised by department due to some of the transactions made by him.
So is there any way out for this? Which return I should file except ITR-4? Kindly guide me in this regard.