Please clarify my doubt - I have recently opened a new proprietorship firm to carry out my business. I do understand that the profit of my firm is my income. However, I also provide individual marketing service in small scale(not related to my firm) to other companies for which i receive check payments.
My question is: Will the total income of mine be calculated by clubbing my firm's profit with the individual payments i receive for my marketing works and then the tax will be calculated?
And will there only one tax return filing ( me and firm together) or I as an individual file tax return separately and there is a separate return for my proprietorship firm?
Please clarify....
CAclubindia
