Dear All,
Pls help out to find the correct ITR form for an individual who is getting salary from the company and also having a proprietorship business registered under GST in his name .
which ITR form we need to use.
Thanks in advance.
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ITR Type for Salary and Proprietorship
Replies (10)
If Your business is eligible u/s 44ad then You can file ITR 4 for presumptive taxation with Your salary income...
If not eligible then You can file ITR 3 with Salary income...
If not eligible then You can file ITR 3 with Salary income...
You can file ITR 3, however you can also check presumptive return ITR4 sugam if total income up to 50lac.
There are some cardinal points:
1. Nature of propeitorship business
2. Value of business
3. Itr are based on such guidance...
1. Nature of propeitorship business
2. Value of business
3. Itr are based on such guidance...
| Originally posted by : sabyasachi mukherjee | ||
 |
There are some cardinal points:1. Nature of propeitorship business2. Value of business3. Itr are based on such guidance... |  |
Yes.... I Agreed.
@ Mohd Arif
You are having having income of salary and proprietory business income and hence required to file ITR 3.
Depending upon turnover of business - that is if it is above 1 crore than tax audit under 44AB is applicable. -------
You have OPTION to choose presumptive taxation under 44AD (provided your business qualifies under it) upto a turnover limit of 2 crores (without tax audit) alongwith other section conditions. If you opt for 44AD then you can file ITR 4 (Sugam)
Thanks a lot of all of You for your prompt response..
You are most welcome dear
@ Mohd Arif
Welcome ji, visit again for any queries
Welcome ji, visit again for any queries
Hi... Mr Vijay Gurjar.,
Welcome to CCI Family... I see and know the details of Your activities in CCI.
thanks for the coming this forum ya 😇😇😇😇😇😇
Welcome to CCI Family... I see and know the details of Your activities in CCI.
thanks for the coming this forum ya 😇😇😇😇😇😇
Thanks Mr. Vijay Gurjar
Looking ahead for your active participation
Looking ahead for your active participation
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