Partnership
This query is : Resolved
31 October 2019
Sir, My friend is getting share of profit from firm in the FY 2018-2019. Whether he can adopt sec 44AD.
He also have business income , for which he file itr under presumptive scheme.
He also have business income , for which he file itr under presumptive scheme.
31 October 2019
If Assessee is a partner in a Firm then he will be file ITR 3...
If his business (own) is eligible u/s 44ad then he can file with ITR 3.
CA Shiv Kumar Sharma
(Expert)
01 November 2019
Both are a different businesses. The assessee has to file ITR-3 and Section 44AD can be adopted
01 November 2019
If first one not verified by Assessee then 2nd return is not a revised return. Bcoz, 1st return not revised then 2nd is a original return...
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