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In which schedule will the partner report salary profit and interest capital income in his income t

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As a partner, you need to report various income types, including salary, commission, bonus, and interest, on your income tax return. Specifically, these earnings should be detailed under Schedule BP ITR 3. For precise reporting, ensure these amounts are listed at item No. 24 within the form.

AMIT KUMAR

AMIT KUMAR (Querist)

28 September 2024
In which schedule will the partner report salary profit and interest capital income in his income tax return form? And on what schedule will the show be held?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

28 September 2024 Schedule BP ITR 3
Any income such as salary, commission, bonus or interest earned by the individual/HUF from any firm as a partner, should be separately reported at item No. 24.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

11 October 2024 Good luck ....

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