Ajay Kumar (Manager - Finance & Accounts) 21 September 2019
Please help me for below query
Directors of Companies shall file ITR-2 for AY 2019-20. What if, such directors is also having income from business/profession.
Where to disclose such income in ITR. Please Advice.
CAclubindia Online Learning offers a wide variety of online classes and video lectures for various professional courses such as CA, CS, CMA, CISA as well as various certification courses on GST, Transfer Pricing, International Taxation, Excel, Tally, FM, Ind AS and more. know more
Kumar Sushank (Asst. Manager - Accounts & Taxation) 21 September 2019
No... Director can't file ITR-4 for FY 2018-19
As Income Tax Notifies about forms for FY 2018-19 Return : If you are Director of a company, then you will be required to specify your DIN (Director Identification Number) in ITR-2 or 3 whichever is applicable.
You will also be required to provide information - Name of Company, PAN, Whether shares are listed or unlisted.