It returns
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 February 2014
There are three persons A,B,C
A is proprietor of X
B&c are employees of X(officially)
But unofficially A,B,C are partners
they take 25000/- per month salary(cash)each
suppose there is a profit of 3 lakhs after 4 months.They share one lakh each.
Again after 3 more months they get 1.5 lakh profit.They share 50,000/- each.
How each one of them should file IT returns
A is proprietor of X
B&c are employees of X(officially)
But unofficially A,B,C are partners
they take 25000/- per month salary(cash)each
suppose there is a profit of 3 lakhs after 4 months.They share one lakh each.
Again after 3 more months they get 1.5 lakh profit.They share 50,000/- each.
How each one of them should file IT returns
22 February 2014
A would file ITR4/ITR4S
B & C would file salary returns. the form would depend on other incomes also
B & C would file salary returns. the form would depend on other incomes also
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