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
what is the nature of business of ur proprietorship?
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,
CAclubindia
