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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

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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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

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