Closing proprietary consultancy and switching to ITR1
This query is : Resolved
29 October 2021
What procedure is required to close my proprietary consultancy firm and revert to personal ITR1 filing?
29 October 2021
File the last ITR with the income derived from consultancy firm and close the current account if any.
From next Assessment year you can file ITR 1 if no income from consultancy or capital gain in previous year.
From next Assessment year you can file ITR 1 if no income from consultancy or capital gain in previous year.
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