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ITR 146 views 4 replies

A practicing chartered Accountant have income from Firm, income from house property and also consultancy income under individual capacity.

case1 : Houseproperty income 270,000/-, remuneration & profit from firm 125,000/- and consultancy income under individual capacity 100,000/- (TDS deducted U/s 194J)

case2 : Houseproperty income 70,000/-, remuneration & profit from firm 125,000/- and consultancy income under individual capacity 400,000/- (TDS deducted U/s 194J)

Which ITR form should he select to file return?

Replies (4)
Both case you can file ITR 3 (AY 17-18)...

should he show consultancy income under individual capacity as Income from other sources or Income from Business (proprietorship busines) ?

Consultancy incomes under the head of PGBP (Professional Income)

Thank you sir.

Now in ITR-3,  firm income to be shown seperately after giving firm details. Any other professional income to be shown as proprietorship business income.

Can a practicing Chartered Accountant show both income - Income from partnership firm as well as Income from Proprietorship business income (consultancy income only)

In that case should he require to file B/S and P/L also ?

 


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