Mohd Arif (Finance Professional) (39 Points)
01 November 2019Dear All,
Pls help out to find the correct ITR form for an individual who is getting salary from the company and also having a proprietorship business registered under GST in his name .
which ITR form we need to use.
Thanks in advance.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 01 November 2019
Surjeet Negi
(947 Points)
Replied 01 November 2019
sabyasachi mukherjee
(27713 Points)
Replied 01 November 2019
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 01 November 2019
| Originally posted by : sabyasachi mukherjee | ||
 |
There are some cardinal points:1. Nature of propeitorship business2. Value of business3. Itr are based on such guidance... |  |
Yes.... I Agreed.
Kapadia Pravin
(17264 Points)
Replied 01 November 2019
@ Mohd Arif
You are having having income of salary and proprietory business income and hence required to file ITR 3.
Depending upon turnover of business - that is if it is above 1 crore than tax audit under 44AB is applicable. -------
You have OPTION to choose presumptive taxation under 44AD (provided your business qualifies under it) upto a turnover limit of 2 crores (without tax audit) alongwith other section conditions. If you opt for 44AD then you can file ITR 4 (Sugam)
Mohd Arif
(Finance Professional)
(39 Points)
Replied 01 November 2019
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 01 November 2019
Kapadia Pravin
(17264 Points)
Replied 01 November 2019
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 01 November 2019
Kapadia Pravin
(17264 Points)
Replied 08 November 2019
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