Income tax filling

Mili Haria

Business

88 Points Joined September 2017

MD and company both are separate person in the eyes of the income tax act and so separate returns needs to be filed for each person as per the income tax act.

Bhargav

cpt

50 Points Joined May 2017

A simple logic, if you and your company has seperate pan numbers then you have to file income tax return for those parties whose imcome exceeds basic exemption limit, i.e, 2.5 lakh

sabyasachi mukherjee

Profession Business

28196 Points Joined May 2017

Is it a sole proprietorship company?

Abhishek Selvam O

374 Points Joined December 2017

Is filling of returns based on PAN?

Mili Haria

Business

88 Points Joined September 2017

Yes..it's based on PAN

Abhishek Selvam O

374 Points Joined December 2017

If my father is running sole proprietorship business and I am employed in a company should we file returns separately

Spurto Consultancy Services

Consultant

1891 Points Joined April 2019

In case of Company, it is a separate legal entity and have distinct PAN.

The MD of the Company have his distinct PAN. Hence both of them will file their return separately.

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Abhishek Selvam O

Mili Haria

Bhargav

sabyasachi mukherjee

Abhishek Selvam O

Mili Haria

Abhishek Selvam O

Spurto Consultancy Services

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