Itr 5
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 September 2013
i am filing 4S return u/s 44AD with 8% profit in case of a firm.Where can i fill the deduction for salary of partners u/s 40..Kindly Help
25 September 2013
You asking about return filling of partnership firm then ITR-4S not sufficient and doesn't proper Only ITR-5 shall required to file. And you have to make the adjustment regarding section 44AD income at the schedule BP and you have to disclose net amount after deductions of partners salary at the option section 44AD profits.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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