Filling of return
This query is : Open
piyush kr. singh
(Querist)
27 June 2017
Can any one suggest the treatment of the following?
" A man is having non taxable income" . He is filling itr 2 for head of salary. Now he is having business of his own & having trade licence too. Should he change the form to ITR-4? Does it has a impact on his total income?
" A man is having non taxable income" . He is filling itr 2 for head of salary. Now he is having business of his own & having trade licence too. Should he change the form to ITR-4? Does it has a impact on his total income?
CA R SEETHARAMAN
(Expert)
27 June 2017
Yes he has to change the form to ITR 3/4. Yes it has impact on total income.
piyush kr. singh
(Querist)
27 June 2017
thanks sir,
Will he has to file as taxable income?
He is not having details about expenditure income capital & so on.
Then what should he do? Further he wants to file as non taxable income this year.
Please suggest?
Will he has to file as taxable income?
He is not having details about expenditure income capital & so on.
Then what should he do? Further he wants to file as non taxable income this year.
Please suggest?
CA R SEETHARAMAN
(Expert)
27 June 2017
File ITR 4 with 8% profit on turnover.
piyush kr. singh
(Querist)
27 June 2017
ok sir
Thanking you
Thanking you
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