Itr for indivisuals and company

I am working with several single propriter firms. In single propriter firm case - we not required to fill ITR of firm, but we need to fill ITR of propriter in which firm profit comes also. But i confused in case of partnership and company.

I want to know - In case of partnership firms we required to fill only propriter ITR or firm ITR or ITR for both? similarly please tell me for Private limited companies also.

If required to fill retrun for both then in tally income tax after profit shown in p&l or balance sheet. what ledgers need to opened in tally in which groups. and what entry need to done..............Please provide help

Replies (4)

Proprietor and his business is the same  and only one ITR will be used.

Partner and partnership firm are separate and two ITR will be used

Director and company are separate and two ITR will be used.

Thank you Mihir.

Please tell me which ITR need to fill for

Partner

Parnership firm

Director

Company

1. ITR 3/4

2.ITR 5

3.ITR 1/4

4 ITR 5/7

I confused in partnership firm and pvt ltd company.

what is the basic diffrence in account maintaining of partnership firm(4 partners) and pvt ltd company(4 members).

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details