banner_ad

Private job salary + sole proprietary bussiness income: itr?

ITR Filing 610 views 1 replies

If someone is doing private job in a company and also running parallel sole propritery business, then which ITR form should be submitted while filling return. (ITR4 or 4s). Nature of bussiness is trading and wholesale and annual turnover around 10 lac.

He has form-16 issued for that salary income.

Now which are list of documents required for filling that return?

His tax is deducted from salary income from that employer but he is making lose in bussiness. So now it is possible to get refund for tax deducted. and what is the process for it?

Replies (1)

1. Return to be filled is ITR 4 (as you can carry forward the same to next year)

2. Loss from business can not be set off against salary income, so refund of tds is dependent upon your tax liability and tax deducted

3. No documents are required for filling(e-filling) but are required to maintain the same 

4. Refund is easy in ITR 4 just fill up your bank details properly, if any refund would be due it will transfer directly to your bank account

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details