Regarding Filing of ITR
This query is : Resolved
AMIT BARSLE
(Querist)
11 June 2011
Dear sir,
When a person Darw salary from partnership firm as a partner and also Engaged in proprietory Business Then which ITR use for show both said income in A.Y. 2011-12.
In ITR- 4 has no coloum for Salary from partnership firm as a partner.
In ITR-3 has no coloum for Proprietory Buss. income.
Plz Solve my Query earlier with Explanation.
When a person Darw salary from partnership firm as a partner and also Engaged in proprietory Business Then which ITR use for show both said income in A.Y. 2011-12.
In ITR- 4 has no coloum for Salary from partnership firm as a partner.
In ITR-3 has no coloum for Proprietory Buss. income.
Plz Solve my Query earlier with Explanation.
11 June 2011
It will be ITR 4 because income from proprietory business can only be disclosed in ITR 4.
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CA. Krishna K Neeraj
(Expert)
11 June 2011
For individual assessee:
ITR 1 and 2 for other than business income
ITR 3 is for the assessee who is having business income from partnership firm only.
ITR 4 is for the assessee having business income including income from partnership firm.
ITR 5 & 6 are not for individuals rather ITR filing for firms.
ITR 1 and 2 for other than business income
ITR 3 is for the assessee who is having business income from partnership firm only.
ITR 4 is for the assessee having business income including income from partnership firm.
ITR 5 & 6 are not for individuals rather ITR filing for firms.
Message likes :
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CA MANOJ GUPTA
(Expert)
11 June 2011
IN CASE ONE IS PARTNER IN A FIRM THEN RETURN IS TO BE FILED IN ITR-3
Message likes :
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12 June 2011
Since Mr Amit Barsle has said that the concerned person also has a proprietorship business in addition to being a partner in a partnership firm, then only ITR4 can be used.
In ITR4 partners salary, interest etc. has to be included in point no 23 of sheet BP.
In ITR4 partners salary, interest etc. has to be included in point no 23 of sheet BP.
Message likes :
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CA MANOJ GUPTA
(Expert)
12 June 2011
U R RIGHT DARUKA SIR
I BY MISTAKE UNDERSTOOD THAT IT IS ONLY SALARY FM PARTNERSHIP FIRM
I BY MISTAKE UNDERSTOOD THAT IT IS ONLY SALARY FM PARTNERSHIP FIRM
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