Income tax

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Ranjit Kumar (Querist)
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30 September 2014 A assessee is partner in a partnership firm in which there is tax audit and for which date has been extended to 30.11.2014 for filling of IT return and TAR but the same assessee is also a proprietor in which there is loss.
What is the due date of filing of return for proprietor ??

If 30.11.2014 then can we carry forward the business loss of proprietor ???

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 September 2014 If he is a working partner the date is 30-11-2014.

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Ranjit Kumar

Ranjit Kumar (Querist)
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30 September 2014 Yes, he is a working partner.

But in proprietor business there is no tax audit.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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01 October 2014 it doesn't matter if the proprietorship activity is liable for tax audit or not. If he is an active partner in a firm which is covered under tax audit, then the due date for such person shall also be 30 November 2014.

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