Itr5 where to show partner salary and interest
This query is : Resolved
21 November 2014
Where to show partner salary and interest income in itr 5 when the partnership firm income is calculated U/S 44AD
Amol S Joglekar
(Expert)
21 November 2014
Use SUGAM ITR 4S, if it is under presumptive taxation.
21 November 2014
Sir, I have to file a return of partnership firm, cant use 4s
Amol S Joglekar
(Expert)
21 November 2014
Once you click on NO ACCOUNT CASE, no need to separately show the salary
Gross Receipts
Gross Profit (Enter profit before partners salary, interest etc)
expenses: enter here partners salary interest etc.
net profit : enter here profit after partners salary interest etc.
Gross Receipts
Gross Profit (Enter profit before partners salary, interest etc)
expenses: enter here partners salary interest etc.
net profit : enter here profit after partners salary interest etc.
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