How to show salary from partnership as income from business?

This query is : Resolved

Reena (Querist)
Follow

23 February 2018 I have received a notice for defective return. I am a partner in a partnership firm and my CA showed the renumeration as "income from business". I have another proprietership business too for which income was taken under section 44ad.

The notice says the "gross receipts" and balance section have not been filled for income from business.

I want to know how to show that? I mean, if show renumeration from partnership as salary, then it is fine. But it has to be shown as business income. So how do we enter the details like "gross receipts", and profit and loss details? Do I mention the renumeration as "gross receipts" and expenses as "zero"?

Please help.

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

24 February 2018 it is to be shown as business receipts. Ask your CA to revise the return.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

zafar chandwale

Partha Pratim Sen

Akash Sawant

John Ravindran Moses

Shashank S Gore

Subscribe Now

How to show salary from partnership as income from business?

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

CA Final

Article Assistant

Accountant