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Which ITR for Director?

Manoj shetty (student) (27 Points)

08 January 2021

Which ITR is applicable for the director of unlisted company not having business income ITR 3 or ITR 2?

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8 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 08 January 2021

Itr 2

Kapadia Pravin (17249 Points)
Replied 08 January 2021

Like an individual category ITR2

Manoj shetty (student) (27 Points)
Replied 08 January 2021

Okay Thank you

Krishna Chaudhary (Accountant) (4531 Points)
Replied 08 January 2021

Itr 1

2 Like

RAHUL RAJU (124 Points)
Replied 08 January 2021

Bhai kaunse college se CA kar rha hai Krishna Chaudhary

Krishna Chaudhary (Accountant) (4531 Points)
Replied 08 January 2021

Extremely sorry.

The Current ITR3 Form is to be used by an individual or a Hindu Undivided Family who have income from proprietary business or are carrying on profession. The persons having income from following sources are eligible to file ITR 3 : Carrying on a business or profession. If you are an Individual Director in a company.

Kapadia Pravin (17249 Points)
Replied 11 January 2021

Director not having business income should file ITR2.

debora M (BUSINESS DEVELOPMENT MANAGER) (1697 Points)
Replied 11 January 2021

The ITR 3 is applicable for individual and HUF who have income from profits and gains from business or profession. ITR 2 – For Individuals and HUFs not having income from profits and gains of ... and having income from Business and Profession which is computed under ... is either Director in a company or has invested in Unlisted Equity Shares)