BIR Ruling

December 11, 1972 Atty. Carlito T. Frias San Jose City S i r : This has reference to your letter dated December 1, 1972 requesting information on query stated as follows: " Facts : My client in this city is a rice and corn merchant. To augment his income, he has embarked on a different merchandising venture in Manila which is entirely different from his cereal business. Two separate accounting records are maintained; one in this city and the other in Manila, being attended to by two separate bookkeepers. " Question : (1) May he please be allowed two separate income tax returns to be filed in both cities? (2) If in the affirmative, how? " In reply thereto, I regret to inform you that your client an individual taxpayer, cannot file two separate income tax returns concerning his two separate business corporations in San Jose City and in the City of Manila. Under Section 45(a) of the Tax Code, the income tax return of an individual taxpayer shall be filed in duplicate and shall set forth specifically the gross amount of income from all sources. Therefore, your client is required to file only one (1) income tax return declaring therein the income derived from the businesses conducted in the said cities. Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue