E-filling of income tax return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 January 2014
dear sir
i am a partner of a partnership firm. i received interest on capital and remunaration of the firm also i have income from other business. my quiry is which form I used for e-filling and where i show interest and remunaration in ITR????
i am a partner of a partnership firm. i received interest on capital and remunaration of the firm also i have income from other business. my quiry is which form I used for e-filling and where i show interest and remunaration in ITR????
Ajay Goswami
(Expert)
17 January 2014
Interest on Capital & Remuneration from Partnership firm as a partner both are business income.ITR 3 is correct form
Nikhil Kaushik
(Expert)
17 January 2014
have to disagree with Ajay here..
ITR 3 is applicable only if there is no other business income except for remuneration/interest from the partnership firms.
In this case, ITR 4 shall be applicable.
ITR 3 is applicable only if there is no other business income except for remuneration/interest from the partnership firms.
In this case, ITR 4 shall be applicable.
17 January 2014
Interest and remuneration from partnership firm may be shown in
Schedule BP A 23 of ITR-4.
Schedule BP A 23 of ITR-4.
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