It returned
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 July 2012
HAI
I WANT TO KNOW HOW TO FILE THE RETURNED FOR PROPRIETORSHIP. IS IT IS SAME FOR INDIVIDUAL AND THE DT OF FILLING RETURN , IF THERE TAX AND IF THERE IS TAX AUDIT WHEN IT SHOULD FILE THE RETURNED AND IN WHICH ITR
I WANT TO KNOW HOW TO FILE THE RETURNED FOR PROPRIETORSHIP. IS IT IS SAME FOR INDIVIDUAL AND THE DT OF FILLING RETURN , IF THERE TAX AND IF THERE IS TAX AUDIT WHEN IT SHOULD FILE THE RETURNED AND IN WHICH ITR
11 July 2012
1. Income from Proprietorship business is taxable in the hands of the individual only. Separate return is NOT filed for a proprietorship business.
Income shall be included in the total income of the individual.
2. ITR 4 will be filed if the asseesse is not covered u/s 44AD or 44AE.
If the assessee is covered u/s 44AD or 44AE, he wil file ITR 4S.
3. Due date of filing return:
(a) If the assessee is covered u/s 44AD or 44AE or not covered AND not liable to tax audit - 31st July.
If liable to tax audit - 30th September
Income shall be included in the total income of the individual.
2. ITR 4 will be filed if the asseesse is not covered u/s 44AD or 44AE.
If the assessee is covered u/s 44AD or 44AE, he wil file ITR 4S.
3. Due date of filing return:
(a) If the assessee is covered u/s 44AD or 44AE or not covered AND not liable to tax audit - 31st July.
If liable to tax audit - 30th September
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