banner_ad

Basic Query regarding ITR

Tax queries 468 views 2 replies

I have a basic question.

Can someone who already files ITR on behalf of his firm (he being the owner) can file another ITR on his name?Suppose , I own a business for which I already pay tax.I now want to start another kind of online business.Can i show this income elsewhere as I want to keep the two businesses seperate?

Kindly reply.

Replies (2)
Originally posted by : Vinay
I have a basic question.
Can someone who already files ITR on behalf of his firm (he being the owner) can file another ITR on his name?Suppose , I own a business for which I already pay tax.I now want to start another kind of online business.Can i show this income elsewhere as I want to keep the two businesses seperate?
Kindly reply.

 Hi Vinay.

If one has created his proprietorship firm then he must have have filed IT Return in his name quoting his PAN. Now, for another business, he can't show income in his name as a separate business income. Income from all the business which are carried by one person shall be added and taxed.

Dear Vinay, Vinita is right... 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details