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Which ITR Form Should I Use with Salary and Business Income?

Samkit Maniar | Answer |Ask -Follow

Tax Expert - Answered on Jul 24, 2024

CA Samkit Maniar has eight years of experience in income tax, mergers and acquisitions and estate planning.
He has graduated from Mumbai’s N M College of Commerce and Economics and has completed his CA from The Institute of Chartered Accountants of India."... more

Asked by Anonymous - Jul 23, 2024Hindi

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This side Sudip. I have two income sources are salary and business. Which ITR from should I file during return filing? Will my total income after adding business and salary? How combined income tax will be calculated in this case if I have surtain business loss.

Ans: Hi Sudip, just wanted to understand how are you receiving salary and carrying on a business at the same time? Is it like you are a director in a company?

Typically ITR 3 / 4 are meant for business and profession. You can depict your salary / remuneration in any of these forms only.

Please consult your CA before moving ahead.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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