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ITR Applicability

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AUDIT ASSISTANT
302 Points Posted on 09 July 2018
one of my client is having B&P income from courier service having GST number on his PAN as well as he is also doing job in one of company as an employee, so question is which ITR is applicable to him for both business income & salary income drawn by him under company.His turnover in business is around 10 lac p.a and his salary income is around 5 lac p.a
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On 09 July 2018 at 21:30 Report
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SEO Sai Gr. Hosp.
211641 Points Posted on 09 July 2018

Can file ITR4       

581 Reply
On 09 July 2018 at 21:34
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561 Points Posted on 09 July 2018
Either you can file ITR 3 or itr 4
ITR 4 is for presumptive business profession Income
12 Reply
On 09 July 2018 at 21:39
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AUDIT ASSISTANT
302 Points Posted on 09 July 2018
ok sir thank you very much u mean he can go for presumption income? but my question is sir can assessment will be different for salary & b&p income both??
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On 09 July 2018 at 21:39
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CA Job
232 Points Posted on 09 July 2018
no there is no different assessment . both things can be assessed Simultaneously and will be shown under one ITR only.
1 Reply
On 09 July 2018 at 22:31
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AUDIT ASSISTANT
302 Points Posted on 09 July 2018
ok thank you so much ..........
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On 09 July 2018 at 22:33
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"Do the Right Thing...!!!"
128147 Points Posted on 09 July 2018
Yes... You can file both income under that Form (ITR 4). Business income fall under the criteria of 44ad...
463 Reply
On 09 July 2018 at 22:38
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AUDIT ASSISTANT
302 Points Posted on 10 July 2018
ok thanks all for your reply..............
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On 10 July 2018 at 09:16


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