15 June 2017
sir, My income as below, which ITR is suitable for me, i) Director remuneration Rs 100000 only (from Company) ii) Interest, remuneration and Profit From Partnership Firm iii) Income From Other Sources iv) Income From House Property pls Help me Sir Its Urgent... if i use itr-3 where i will show in ITR, directors remunaration from company? and is it prepare P & L and B/s for Director remunartion ?
is it possible without prparation of p/l and b/s for director remunartion ?
16 June 2017
Very good query........ that is what is called as difference between LAW and Practice. You have option to show it under income from other sources or income from profession. Choice is yours.
16 June 2017
if showing as professional income..is it prepare p/s and b/s for director remunaration nd how should i prepare p/l and b/s ..how should i taken expense and assets and liabilities
16 June 2017
what is the amount of remuneration?...based on that take the call if P&L is to be prepared. In normal circumstances, P&L etc. is NOT required to be prepared.
17 June 2017
ok..but how should show in IT return This remunaration as either Professional income or Other sources? if it is professional income, with out p/l and b/s is possible in IT return and in which coloumn??
CAclubindia
