Can any one suggest the treatment of the following? " A man is having non taxable income" . He is filling itr 2 for head of salary. Now he is having business of his own & having trade licence too. Should he change the form to ITR-4? Does it has a impact on his total income?
Menu
Filling of return
Replies (2)
"Should he change the form to ITR-4?"
Yes, ITR 3 or ITR 4, as applicable.
Total income under different heads are to be aggregated for final tax assessment.....
thanks sir, Will he has to file as taxable income? He is not having details about expenditure income capital & so on. Then what should he do? Further he wants to file as non taxable income this year. Please suggest?
Recent Topics :
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
Related Topics :
CAclubindia
