Hi friends ,
my friend is a salaried person in one of the company and also he has a separate small scale business where he is the proprietor and he holds a GST number which is same PAN number which is linked to his salary account and his annual salary from his company is 3 lakhs 2018-2019 and his turnover including profit from his proprietorship is 2 lakhs for 2018-2019.
should he file itr 1 and itr 4 or only one of them.
he has confusion filing the tax returns, please help.
Menu
ITR 1 or ITR 4?
Replies (5)
Its better to file ITR3
please confirm with others also.
It is good for your friend to show proprietory business income under 44AD
Salary income show under salary head
So your friend should file ITR 4
Salary income show under salary head
So your friend should file ITR 4
can I file ITR for the F.Y. 2017-18
is it a refund case ?.
No you can not file FY 17-18 return.
but if you have genuine reasons for not filing return in time as well as genuine reasons for filing it now -
then apply online under 119(2) for a permission and after approval ITR can be filed.
but if you have genuine reasons for not filing return in time as well as genuine reasons for filing it now -
then apply online under 119(2) for a permission and after approval ITR can be filed.
Recent Threads
- LONG TERM CAPITAL GAIN ON SALE OF SHARES AND SECUR
- Ppf and tax free bond under which header
- Laid off employee deductions admissible on severan
- Duplicate Salary entry
- Tax audit applicability on fno, intraday
- NSDL and CDSL have not reported sales made on 28th
- Schedule FA table A2 - what to specify in amount?
- GST on Real Estate Developer | Construction Contra
- How to treat losses from f and o trading in itr
- ITR 44AD and Fno
Related Threads
CAclubindia
