Itr 5
Querist : Anonymous
Suppose net profit of the partnership firm U/s 44AD is coming to Rs. 156000/- and salary of partner is Rs. 150000/-.
Now refer to schedule BP of itr 5.
Whether it is better to put Rs. 156000/- in 1 column of the schedule BP as profit before tax. Now in which row of schedule BP,it is right to write Rs. 150000/- of salary of partner
or
I should put directly Rs. 6000/- as net profit in the 1st column of that schadule BP.
Please advise me.
Querist : Anonymous
Whether it is appropriate to put Rs. 150000/- of partner salary it that row in no a/c case.
Please reply soon.
Querist : Anonymous
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