Itr of firm in case of presumptive income
This query is : Resolved
Guest
Guest
(Querist)
11 August 2013
Dear Expert,
I want to know which ITR to file in case of presumptive income declare by firm.
If ITR - 5 is to be filed then where to show the interest paid to partners.
I want to know which ITR to file in case of presumptive income declare by firm.
If ITR - 5 is to be filed then where to show the interest paid to partners.
11 August 2013
The payment is an expense so include the same under the Expenses. Deduct Expenss from Gross Profit , you will get Net Profit.
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