How to show Partner's salary & sole proprietor business income in ITR 4

This query is : Resolved

Preeti (Querist)
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08 September 2021 I have following incomes, please guide which ITR form to fill & how to avail 44AD benefit for sole trading income:
1.) Salary & profit share from partnership firm - 55 Lac
2.) Turnover of my Sole Proprietorship (all through electronic mode) - 40 Lac

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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08 September 2021 As Partner's salary is assessed under PGBP head, & being not eligible for presumptive assessment; ITR 3 is required to be filled.

Preeti

Preeti (Querist)
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11 September 2021 Thanks for reply.
But if I'll file ITR 3 then I will not be able to get 44AD benefit for sole proprietorship income, that means i'll have to forgo 44AD benefit bcz of my partnership income?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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11 September 2021 Not at all. You can declare sole prop. business income u/s. 44AD in ITR 3 also. While that from partnership firm is to be declared under normal business income, as it is not eligible for presumptive assessment.

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