Itr1 and itr4/itr5

Can an individual file both ITR 1 for his/her income from salary and ITR4/ITR5 for his/her income from consultancy?

Replies (7)
Only one ITR can be filed. in your case You can file ITR 3 or ITR 4
You can not file two ITRs.

Can an individual get an employment and also a consultancy relation from the same employer?

Employer and employee are free to fix terms of job

Is it allowed under corporate law?

No such restrictions in corporate laws

Do you want to mean that an individual can be employed with an organization and also work as a consultant in the same organization and this is not illegal?

Pravin, please reply.

 

Thank you for your earlier replies.

 

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