banner_ad

Itr for indivisuals and company

Tax queries 625 views 4 replies

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).


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details