IT Return

This query is : Resolved

CS SIDDHARTHA BANIK (Querist)
Follow

11 July 2009 Dear All,

Mr. X is a salaried employee. He is also the proprietor of ‘PPP POLYMERS’(a manufacturing unit registered under DVAT).

Now can Mr. X file separate return as followes:-
1.One for his salary income;
2.Another in the name of ‘PPP POLYMERS’ in respect of the manufacturing unit’s income.

Thanks,
CS Siddhartha Banik

Rajesh

Rajesh (Expert)
Follow

11 July 2009 Not your should bave to file one return for both Salary + Business

In above case ITR (Individual) is based on Pan NO. not on Name of Person or proprietor.

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
Follow

11 July 2009 If you have 10 source of income it does not mean that you will file separate return for each source.

X can file only one income tax return however it does not matter that he has income from salary, house property, business income (one business or more), captal gain or other sources.

Manmohan ACA, CS

Manmohan ACA, CS (Expert)
Follow

11 July 2009 agree with Tilak

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Michael & Co.

CA K GIRIDHAR

Samruddhi Agrawal

MURALIKRISHNA EDDANAPUDI

Namita Fule

Subscribe Now

IT Return

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Manager- Finance and Compliance

Accountant

GST CONSULTANCY

Senior Executive

CA Final