Partnership firm and itr 4

This query is : Resolved

Report Abuse Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

07 September 2018 Can a partnership firm file his Income tax Return using ITR 4 for AY 2018-19 (U/S.44AD) ?

Expert : Anonymous

Expert : Anonymous (Expert)

07 September 2018 Yes... If eligible business.

CA R SEETHARAMAN online

CA R SEETHARAMAN online

(Expert)
Follow

07 September 2018 No, partnership firm has to file ITR 5 only.

RAJA P M

RAJA P M (Expert)
Follow

08 September 2018 Respected Mr CA SEETHARAMAN Sir.,

Why not ITR 4 not applicable to partnership firm...?

Presumptive Taxation scheme with ITR 4 u/s 44ad also applicable to partnership firm....
Then Why Sir...?

CA R SEETHARAMAN online

CA R SEETHARAMAN online

(Expert)
Follow

12 September 2018 The ITR-4 Form is applicable for individuals or HUFs only not for firm.

RAJA P M

RAJA P M (Expert)
Follow

12 September 2018 Sir.,
Please confirm with details and any case law...

Also pleas reply based on this instructions by ITD

https://www.incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF/Instructions_ITR_4_AY_2018-19.pdf

CA R SEETHARAMAN online

CA R SEETHARAMAN online

(Expert)
Follow

12 September 2018 Agreed with you, you are right firm can use ITR 4.