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laxman

laxman (Querist)

19 March 2012 which ITR Form we taken if Business Comes Under 44 AD of Partnership Firm Whether ITR4sugam or ITR3

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)

19 March 2012 ITR 4S for individuals and HUF's only who has presumptive basis of Income. For your case if you have to file the partnership firm's return then ITR-5.Otherwise has to file partner's individual returns if they not carrying any other business income except from partner's remuneration then ITR-3 otherwise ITR-4 For partners ITR-4S not supported because in ITR-4S details of partnership not available.
In one word For partnership firm ITR-5 eventhough comes under 44AD. For partner's individual ITR-3 or ITR-4.
OM SAI SRI SAI JAI JAI SAI

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