Which ITR for Director?

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student
32 Points Posted on 08 January 2021
Which ITR is applicable for the director of unlisted company not having business income ITR 3 or ITR 2?
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On 08 January 2021 at 12:56 Report
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This discussion clarifies which Income Tax Return (ITR) form a director of an unlisted company should use when they do not have business income. The consensus is that if a director's income sources do not include profits or gains from a business or profession, then ITR 2 is the applicable form. ITR 3 is specifically for individuals or HUFs carrying on a business or profession.

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Chartered Accountant
16188 Points Posted on 08 January 2021
Itr 2
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On 08 January 2021 at 13:04
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10683 Points Posted on 08 January 2021
Like an individual category ITR2
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On 08 January 2021 at 13:41
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student
32 Points Posted on 08 January 2021
Okay Thank you
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On 08 January 2021 at 15:39
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Accountant
1331 Points Posted on 08 January 2021
Itr 1
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On 08 January 2021 at 17:02
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107 Points Posted on 08 January 2021
Bhai kaunse college se CA kar rha hai Krishna Chaudhary
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On 08 January 2021 at 17:22
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Accountant
1331 Points Posted on 08 January 2021
Extremely sorry.

The Current ITR3 Form is to be used by an individual or a Hindu Undivided Family who have income from proprietary business or are carrying on profession. The persons having income from following sources are eligible to file ITR 3 : Carrying on a business or profession. If you are an Individual Director in a company.
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On 08 January 2021 at 22:57
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10683 Points Posted on 11 January 2021
Director not having business income should file ITR2.
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On 11 January 2021 at 12:06
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BUSINESS DEVELOPMENT MANAGER
1382 Points Posted on 11 January 2021

The ITR 3 is applicable for individual and HUF who have income from profits and gains from business or profession. ITR 2 – For Individuals and HUFs not having income from profits and gains of ... and having income from Business and Profession which is computed under ... is either Director in a company or has invested in Unlisted Equity Shares)

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On 11 January 2021 at 12:49

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