Income from Salaries and profession

This query is : Resolved

Shammi_Vision (Querist)
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20 March 2010 Dear Sir,
I want to know that a salaried person can also show his income from business or profession?
If yes, which ITR form he will have to file in a.y 09-10.

Thanks
Shammi Arif

CA. Deepak Narula

CA. Deepak Narula (Expert)
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20 March 2010 hi
there is no restriction in IT Act and any salaried person can show its income from business/profession along with his salary income.

basically it depends on the contact between employer and employee. some employers don't allow their employees to carry on business/profession during their term of employment. otherwise there is no problem

ITR applicable is ITR-4

thank u

Rahul Gupta

Rahul Gupta (Expert)
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21 March 2010 Agreed with Mr, Narula. Income from salary can be shown along with Income from Business or profession.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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21 March 2010 agreed with experts

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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21 March 2010 Agree

CMA Arif Farooqui

CMA Arif Farooqui (Expert)
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25 March 2010 agree

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