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Which ITR I used?

Tax queries 844 views 11 replies

hI

If a person having salary income and also insurance commission which ITR has to be filled?

1) need to prepare P & L accounts & B/S

insurance commission - 1.6LACS

Salary-    2.78 lacs.

Pls be advice.

Replies (11)

Pls reply

u need to file ITR 4

ITR 4                                                               

Yes ITR-4. . . . . . . . . . .

i have income from partnership firm for six months and now from the proprietory concern for next six months which ITR should i use

@ dnyanesh:- u should use ITR-4 in which u should mention the income from partnership firm in the relevant colums, & also specify the details  of firm like name of the firm , pan no. , share of profit, profit sharing ration & capital bal. in the relevant schedule in the ITR-4.

Dnyanesh : you should also use ITR 4 because you also have income from business, if you would have got income from partnership only...

@ siri thanks a ton for the prompt reply...

@ vishwakarma i am not getting your reply clearly, ITR 4 is to be used

thanks for your valuable comments anyway.

Originally posted by : Dnyanesh
@ siri thanks a ton for the prompt reply...
@ vishwakarma i am not getting your reply clearly, ITR 4 is to be used
thanks for your valuable comments anyway.

Sorry friend,

I messed a bit.

I meant to say that ITR 3 is applicable when you have the income from partnership firm only but since you are also having the income from business then the ITR 4 has to be used.

Thanks.

Bye.

@ vikas vishwakarma: no problem sir i got the message and that is important. thankyou very much.

for all questions regarding filing of return ITR-4 should be filed...


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