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Doubts in filling ITR IV

Puneet (Scholar) (26 Points)

22 July 2009

Hi all

I've a few doubts regarding ITR IV.

I'm a Intern at a IT Company, earn my income in the way of Stipend. Now the co. has been deducting TDS for me. I received form 16A from them, in which the nature of payment was mentioned as Payment of fees to professional.

As such i'm filing ITR IV, but had some doubts while filling the form. I'm using the Excel utility provided by IT dept.

My doubts are:

1. What will be the "CODE" in nature of business in my case. Currently i've filled it as "0607".

2. In P & L sheet, i've filled Gross receipts and Gross profit as per my income for the year in the section "NO accounts", it it correct? As i get a warning when i put details in Gross Profit saying

"I've selected NO ACCOUNTS and filled P&L a/c"

Please help me with these.

Thanks & Regards

Puneet

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2 Replies

Abhishek Mohta (ACON) (508 Points)
Replied 22 July 2009

Answers:

1. The code you have given is correct.

2. That is actually not a warning but anote with a heading as warning. If you click on OK then it will give you another note stating "Sheet is OK". So dont worry about that warning and fill up your form.

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Puneet (Scholar) (26 Points)
Replied 22 July 2009

Originally posted by :Abhishek Mohta
"	Answers: 1. The code you have given is correct. 2. That is actually not a warning but anote with a heading as warning. If you click on OK then it will give you another note stating "Sheet is OK". So dont worry about that warning and fill up your form.	"