Sole proprietor filling.

This discussion addresses a sole proprietor operating two distinct trading businesses (Firm A and Firm B) with separate bank accounts. The core question is which Income Tax Return (ITR) form to use for filing and how to accurately declare both business names. The consensus suggests ITR-3 is generally the most suitable. However, if the businesses are eligible for presumptive taxation and do not maintain detailed books of accounts, ITR-4 may also be an option.