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
CAclubindia
