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Thread: Do sole proprietors fill an ITR12 for income tax?

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    Do sole proprietors fill an ITR12 for income tax?

    Do sole proprietors fill an ITR12 for income tax?

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    Please help, I really need the answer to the above question !

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    Hi Ace

    Yes they do. It is by answering the initial questions honestly that you will find that section available to you. A sole proprietor, for tax purposes, is simply someone who has an income from an economic activity other than employment at a registered employer.

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    Thanks you for your post. How would fill out an ITR12 if you are showing nil returns.

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    Hi Ace

    The ITR12 is for you and includes any trade income that you may have earned. If it is all nil, then it is all nil.

    The appropriate screen opens up depending on your answers. See the image
    Click image for larger version. 

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    After making the selection, the page in the image below will be available
    Click image for larger version. 

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    Hi Andromeda, thanks so much for your speedy reply. You've been super helpful!

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