If an individual earns income from partnership firm and interest income from bank FDR in single name of individual.Both incomes are separately taxable.Should he file Income Tax return separately for partnership firm and interest income or collective return should be filed by clubbing both incomes in individual name?
Asked on 1/17/13, 3:25 am
1 Answer from Attorneys
Rohini Kumar Tenneti
R.K.1080 LEGAL SERVICES
Every assessee has to file only one return and in your case,you have to show income from partnership firm under the head,Income from Business and Interest income from bank FDR under the head,Income from Other Sources.
Answered on 1/17/13, 10:02 am
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