Same business code of two seprate individuals

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 June 2017 We, Two brothers, running a Proprietory Business of Computer Job Work, Internet and Photo-photo-state. We both works as Proprietor of a Single Firm. But We don't have any Current Account of the Firm. We share our profit as job basis, means ACCORDING TO WORK BASIS. We, both are filing ITR 4 (SUGAM), separately as INDIVIDUAL. We fill same BUSINESS NAME AND SAME BUSINESS CODE in BUSINESS CODE IN ITR. Is there is any problem to fill SAME BUSINESS CODE AND SAME BUSINESS NAME IN ITR. Please advice.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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10 June 2017 well, there is no problem for mentioning same business name and code. But I hope you have separate accounts in which your respective incomes are deposited.