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.
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.
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