Income from Salaries and profession
This query is : Resolved
Shammi_Vision
(Querist)
20 March 2010
Dear Sir,
I want to know that a salaried person can also show his income from business or profession?
If yes, which ITR form he will have to file in a.y 09-10.
Thanks
Shammi Arif
I want to know that a salaried person can also show his income from business or profession?
If yes, which ITR form he will have to file in a.y 09-10.
Thanks
Shammi Arif
CA. Deepak Narula
(Expert)
20 March 2010
hi
there is no restriction in IT Act and any salaried person can show its income from business/profession along with his salary income.
basically it depends on the contact between employer and employee. some employers don't allow their employees to carry on business/profession during their term of employment. otherwise there is no problem
ITR applicable is ITR-4
thank u
there is no restriction in IT Act and any salaried person can show its income from business/profession along with his salary income.
basically it depends on the contact between employer and employee. some employers don't allow their employees to carry on business/profession during their term of employment. otherwise there is no problem
ITR applicable is ITR-4
thank u
Rahul Gupta
(Expert)
21 March 2010
Agreed with Mr, Narula. Income from salary can be shown along with Income from Business or profession.
CMA Ramesh Krishnan
(Expert)
21 March 2010
agreed with experts
CA Ravi Sisodia
(Expert)
21 March 2010
Agree
CMA Arif Farooqui
(Expert)
25 March 2010
agree
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