CLUB INCOME

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Dear All,

 

         My client has a proprietorship firm with the name 'A" at one place, but after some time he  opens a new firm with the same name 'A" but a different GSTIN No. & the location is around 20 kms. away from the first one. My question is that when the timing of Income Tax Return comes, shall we club incomes of both firms & filled returns or should we file Income Tax return Separately ??   

 

Replies (5)

since name of the establishment is same and within a state, the income can be clubbed and shown in single income tax returns. 

THANK YOU SIR....... .........

If the proprietor is same, single return shall be filed showing income of both the firms together.

But can it fill 2 returns if he wishes ?? 

No. One PAN, One ITR. He can show it in computation separately but ITR will be one only.

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