Reporting side business income for salaried workers
According to Gaurav Makhijani, Managing Partner at MGA, employees with a regular side business should use ITR-3 or ITR-4 forms to report their additional earnings. This income must be declared under the 'Profits and Gains of Business or Profession' category, with taxes applied to the net profit generated. For the 2025-26 financial year, the filing deadline for both ITR-3 and ITR-4 is August 31, 2026.
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