Regarding Income Tax Return

This query is : Resolved

Vineet (Querist)
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18 January 2011 Mr X wants to file IT Return for 2 A.Years 2009-10 & 2010-11.He is filing his return for the first time.He is having Income from medicine shop but he is not doing business in his own name.Neither he is receiving any salary from any firm.How to show his income in IT return.He wants to take loan from Bank for doing Business in his own name.How to show income in IT Return.How to generate Capital in this case.He is having Saving A/C in Bank

Guest

Guest (Expert)

18 January 2011 You should start the business in your name..