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Interest on Capital from Partnership firm

This query is : Resolved 
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(Querist)
15 September 2009 i m filing return of person who has his own propertiorship and also a partner in Partnership firm
he received interest on his capital from Partnership firm
So in which head this interest will be shown
1 Other source Income
or
2 Business & professional income

and if it should be shown in Business & professional income,
then in which column of IT return form
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
15 September 2009 ITR - 4 to be filed

Interest & remuneration received from firm taxable under Business & profession
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Sreedhar Atchutuni ACA,GradCWA

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Sreedhar Atchutuni ACA,GradCWA (Expert)
15 September 2009 Interest, salary, bonus, commission or remmuneration due to or received by a partner is taxable under business income (sec 28).

ITR-4 has to be filed.
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Ratan Sharma

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Ratan Sharma (Expert)
15 September 2009 ITR 4
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CA CHINTAN AJMERA

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CA CHINTAN AJMERA (Expert)
15 September 2009 ITR 4 , Under Business & Profession
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