New Delhi, Aug. 24 -- Taxpayers with business or professional income who are filing ITR-3 or ITR-4 by 31 August should carefully fill in the schedules in their returns and reconcile key details with their financial records.

Siddharth Maurya, Managing Director, Vibhavangal Anukulkara, explained the key schedules taxpayers should review and the checks they should complete.

"The schedules most typically filled by ITR-3 filers comprise Part A- Profit and Loss Account, Part A-Balance Sheet, Schedule BP, Schedule CG, Schedule OS and, where there are losses, Schedules CYLA, BFLA and CFL," Maurya explained.

Maurya noted that "ITR-4 is a simpler form. The most used sections are Salary or Pension, House Property, Other Sources, Chapter VI-A Dedu...