Filling of return

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piyush kr. singh (Querist)
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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?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 June 2017 Yes he has to change the form to ITR 3/4. Yes it has impact on total income.

piyush kr. singh

piyush kr. singh (Querist)
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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?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 June 2017 File ITR 4 with 8% profit on turnover.

piyush kr. singh

piyush kr. singh (Querist)
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27 June 2017 ok sir

Thanking you

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