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ITR form for company director + salaried in another conpany

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Martin

Director

22 Points Posted on 19 November 2020

Hello All, I am a Director of a Pvt Ltd company and hold some share of the company(not listed) but doesn’t have any income or profit till now. Also am working as a regular salaried employee in another pvt ltd company and income is less than 20lkh per annum This is the only income i have, so wish to know which itr should i file for Fy19-20.

thanks in advance

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Quick Summary

This discussion addresses the correct Income Tax Return (ITR) form for an individual who is a director in a private limited company (with shares but no income/profit yet) and also a salaried employee in another private limited company. The consensus suggests that ITR-3 is the appropriate form for this scenario. The nature of business for the directorship also needs to be considered when filing.