Query regarding itr for director
This query is : Resolved
27 September 2018
I am director of pvt ltd company.I am getting salary from company.should I file salary amount separately in ITR -4 or not. Whether Income from business head covers salary part also? Request for clarification
27 September 2018
If you have only SALARY INCOME from PVT Company then you must file ITR 1.
Income from business does not cover salary. Both are different heads.
If you have any business/Profession under Presumptive income basis, then you MUST have to disclose your salary separately in ITR 4 alongwith the Details of Business/Turnover/Profit etc.
Information in the query is not complete, Solution is based on certain assumptions.
Income from business does not cover salary. Both are different heads.
If you have any business/Profession under Presumptive income basis, then you MUST have to disclose your salary separately in ITR 4 alongwith the Details of Business/Turnover/Profit etc.
Information in the query is not complete, Solution is based on certain assumptions.
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
- TDS on land property purchase Form-141 related query
- TDS Return processing
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
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
