Income tax returns for two business
This query is : Resolved
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.
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.
03 November 2011
add values for both or all business and file in ITR4
Message likes :
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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,
sir i don't understand properly what you are says..please give in detail for procedure .
thank you sir..
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
if consolidated then file ITR4
Message likes :
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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..
U S Sharma,
no sir there are two b/s and p&l a/c for two separate business.
thank you sir..
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,
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..
03 November 2011
sure, you can mention both in return.
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