More than one proprietory business
This query is : Resolved
Ibrahim Shaikh
(Querist)
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
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