ITR-4 Partner Remuneration
This query is : Resolved
18 June 2023
Partnership Firm filing ITR-4 (no other ITR option available) with presumptive tax regime with 6% income. How do I deduct partner remuneration from gross income? Only donation and political party deductions are allowed. Unable to change from ITR-4 to ITR-5. Last year filed ITR-4. No partner remuneration was given then so I never faced this.
18 June 2023
Partners' remuneration is not deductible from the declared 6% presumptive profit.
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