More than one proprietory business
This query is : Resolved
04 March 2018
Respected Members,
I am running more than 1 sole proprietorship business in my own name so which form should i select to file my ITR for the F.Y 2017-18?
Can i use ITR 3 if yes than while filling up Profit & Loss & Balance Sheet, Do i need to merge the financial details of my all business and present it in 1 Profit & Loss and 1 Balance Sheet(Like Consodilation Statement)?
I am running more than 1 sole proprietorship business in my own name so which form should i select to file my ITR for the F.Y 2017-18?
Can i use ITR 3 if yes than while filling up Profit & Loss & Balance Sheet, Do i need to merge the financial details of my all business and present it in 1 Profit & Loss and 1 Balance Sheet(Like Consodilation Statement)?
05 March 2018
Yes, you should use ITR3
consolidate all your businnesses under same PAN to prepare p&l and bal sheet
consolidate all your businnesses under same PAN to prepare p&l and bal sheet
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Gift of mutual fund units to daughter
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Building tax payment deduction in rental Income
- About TDS & Income Tax
- Not able to file ITR
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
