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Basic Query regarding filling in Form ITR-5

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This query is : Resolved

Guest

Guest (Querist)

27 September 2010 Dear Friends / Experts,

Query

Which are the appropriate fields for the mention of partners' salary in the Form ITR-5 - Part A - Other Information and in Schedule BP Sheet ?

Please confirm the following :

Field 1 - Part A - OI Sheet

8. A. Amounts debited to the profit and loss account, to the extent disallowable under section 40 and

Field 2 - Schedule BP

30. Any other amount allowable as deduction.

I shall wait for your views.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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28 September 2010 Sir
Regarding schedule BP
Pl fill column 22 with the amount debited in p& l account and clause 30 with the amount allowable under section 40(b) of the IT Act,1961.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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28 September 2010 Sir
Regarding Part A-OI Sheet
Clause 8 should be filled as NIL.

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