Income tax returns for two business

This query is : Resolved

CA. Afjal Y Hamirani (Querist)
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03 November 2011 hello sir/madam,

can i file income tax returns for a person which have two business during the finacial year?

for example : if person have two business like auto brokers ( include in service other) and garage business ( which also include in service other).so for the same person can i file itr-4 for business & profession.

and please give procedure for same for the filling of returns.

thank you.

U S Sharma

U S Sharma (Expert)
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03 November 2011 add values for both or all business and file in ITR4

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CA. Afjal Y Hamirani

CA. Afjal Y Hamirani (Querist)
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03 November 2011 TO,
U S Sharma,

sir i don't understand properly what you are says..please give in detail for procedure .

thank you sir..

U S Sharma

U S Sharma (Expert)
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03 November 2011 if the profit and loss of both the business is made separately, then add both and file in ITR4

if consolidated then file ITR4

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CA. Afjal Y Hamirani

CA. Afjal Y Hamirani (Querist)
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03 November 2011 TO,

U S Sharma,

no sir there are two b/s and p&l a/c for two separate business.

thank you sir..

CA. Afjal Y Hamirani

CA. Afjal Y Hamirani (Querist)
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03 November 2011 TO,

U S Sharma,

can i mention in nature of business that i have two business like one is auto brokers (714-service other) and second is garage (714-service other)

thank you sir..

U S Sharma

U S Sharma (Expert)
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03 November 2011 sure, you can mention both in return.

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