Itr5 where to show partner salary and interest

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divyanshu (Querist)
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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

Amol S Joglekar (Expert)
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21 November 2014 Use SUGAM ITR 4S, if it is under presumptive taxation.

divyanshu

divyanshu (Querist)
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21 November 2014 Sir, I have to file a return of partnership firm, cant use 4s

Amol S Joglekar

Amol S Joglekar (Expert)
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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.

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