Income tax for salary+business

Hello Friends,

I have a query for ITR of year 2014-15. I was working in a company till December, 2014. The company deducted TDS from my Salary there. In December, 2014 I quit my job and started my own proprietorship company.

Please suggest which ITR form is needed to be filled and any other information for filing the same would be a great help.

Regards,

Raminder Sandhu

Replies (13)

what is the nature of business of ur proprietorship?

Itr 4 need to be file in this case
Itr 1 wud be required
Itr 4 need to befile bcoz of our business
Itr 4 would be appropriate ..
ITR 4 should be filed
You should opt for ITR 4.
Yes It's ITR 4 you have to submit
ITR V form income tax calculate same as we solve in book but deposoit to govt account monthly basis to take some assumption if employee are not able or present all details

ITR 4 ONLY....

Dear Friend,

You can file itr 4s if you show your business profit @ 8% or Higher and if you have audit of accounts by ca or or your profit is less then 8% you file itr 4

Thank You all for your replies. 

Dear Mr. Vishnu,

As I started my business this year only, so I am not in profit yet if I'll add my establishment expenses. So, Can I consider it as lower than 8% and file ITR 4 ??

Also, I checked in IT website, ITR-4 is for proprieters only. What about my income from salary that I collected during job before starting the business ?? 

Thanks & Regards,

Itr 4 is required to file...

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