How to fill itr

Sudheer J. Sarvate (Querist) 20 July 2013 This query is : Resolved
Actually I am a salaried employee.

But instead of showing salary and issuing me Form 16, Company has shown me as a consultant and issued me Form 16A for the F.Y. 2012-13.

My total Gross Professional income for F.Y. 2012-13 is Rs. 3,50,000/- as per Form 16A.

Now while filing Income Tax Return, how should I compute my income and how should I show the same in ITR.

If I show as income from Profession, then whether I have to prepare and submit the Balancesheet.

and if I disclose full amount as receipt without claiming any expenses and shown only deduction u/s 80C, then also I have to prepare the balancesheet.

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Ms.Nirmala P.Rao (Expert) 27 September 2013
Dear Client,

Your professional tax is governed by Section 16(iii) of IT act 1961 as per 276(2) of the Constitution of India and you can show all your eligible expenses as deductions as per IT Act 1961 and show your balance sheet etc as per IT Act and rules thereunder- if Yours is not TDS- in your ITR.

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