Itr4
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 December 2016
Sir,
Investment in Partnership firm comes under which head in ITR 4
Thanks in advance
Investment in Partnership firm comes under which head in ITR 4
Thanks in advance
02 December 2016
Investment will be shown in Firm's IT Return as capital invested by partner. Individual(partner) will show profit from firm (if any) as exempted income in his/her ITR return. Show it as income from other sources, and then in BP sheet in column 5 show it as exempted income.
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