Regarding income tax return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 July 2014 sir,
my wife is dentist n running her clinic which itr form should she file.income not more than 2.5 lakhs.want to take loan from bank on basis of itr 2012-2013, 2013-2014 also she hve a property in her name value approx 50 lakhs...

Rupesh Jain

Rupesh Jain (Expert)
Follow

08 July 2014 ITR-4 Form with income & expenditure and Balance sheet.

Querist : Anonymous

Querist : Anonymous (Querist)

08 July 2014 the clinic is newly established n the amount invested is of my father.n what to show in income n expenditure account n in balance sheet.......kindly revert

Sandeep Dharar

Sandeep Dharar (Expert)
Follow

08 July 2014 U can show that investment as capital in the business. The cash will b treated as gift from relatives(fully exempted). So ur wife can show it as capital in her business.

Rupesh Jain

Rupesh Jain (Expert)
Follow

08 July 2014 you can show as gift or as loan .