About personal itr
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 September 2012
If any person has a proprietorship firm, which is audited firm and turnover exceed 60 lakh,,than in that case firm audit report has to be submitted in the deptt.Now my query is, in such a case whethet proprietor has to file his personal itr or not? if yes, than which itr form no.?
sumit arora
(Expert)
02 September 2012
if the concern is proprietorship firm, then no need to file the personal return by proprietor. the proprietorship concern's return is nothing but its own return :)
Message likes :
1 times
CA NEERAJ K DIXIT
(Expert)
02 September 2012
IN THIS CASE HE HAS TO FILE HIS PERSONAL RETURN, AS IN CASE OF PROPRIETORSHIP, BUSINESS HAS NO INDIVIDUAL IDENTITY & PAN NO IS ALSO IN THE NAME OF THE INDIVIDUAL (NOT IN THE NAME OF THE FIRM).
ITR 4 IS THE RIGHT FORM FOR THIS.
ITR 4 IS THE RIGHT FORM FOR THIS.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- GST on Renting godown to KFCSC for Storage of Raagi
- Non filing of I T Returns
- Capitalgain tax purposes for valuation report compulsory
- Under marginal scheme
- TAX AUDIT ON PROFESSIONAL INCOME
- TDS on Fixed Assets purchased
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Oct 2025 Invoices
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
