Alpana (Consultant) (91 Points)
05 October 2010How do we fill ITR 4 in case of a Professsional (with gross receipts > 10 Lakhs) who is also running a separate and totally unrelated business (not covered in tax audit)??? Esplly the BS and P&L sheets.
Waiting for a quick reply
vkbothra
(Learning )
(690 Points)
Replied 05 October 2010
Merge Both Balance Sheets and P&L accounts and fill them in PART A-BS and in PART A-P & L.
;)
Arvind Sharma
(ACA)
(1432 Points)
Replied 05 October 2010
agreed with reply to this poat... merged both BS & PL...
Further, limit of Tax Audit is considered Assessee wise and not Business wise...
Alpana
(Consultant)
(91 Points)
Replied 08 October 2010
Thank u all of u!
But in this case should the 3CD of the assessee cover within its scope the business income as well despite the fact that it is way below the tax audit limit? Further, would TDS provisions also apply in cases of payments made for the business??
Mohammad Asif
(chartered accountant)
(191 Points)
Replied 24 November 2010
you will have to merge the balance sheets and profit and loss a/c
for filling details in itr form
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