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This query is : Resolved
04 September 2014
Assesee has received remunertion from partnership firm and also have presumptive income us 44 ad. Which itr form should be filled for a.y.2014 15
21 July 2025
For AY 2014-15, if the assessee has:
Remuneration received from a partnership firm (i.e., share of profits or remuneration as partner)
Presumptive income under section 44AD (business income declared on presumptive basis)
Which ITR form to file?
ITR-4 (Sugam) is the appropriate form for individuals and HUFs having income from business or profession under presumptive scheme u/s 44AD and also income from partnership firm (remuneration or profit share).
Important notes:
Income from partnership firm is shown under "Income from Business & Profession" or "Income from Partnership Firm" as applicable in ITR-4.
If the assessee has any other sources of income like salary, house property, capital gains, then also ITR-4 is suitable provided total income is within limits prescribed.
If the assessee has complex income like capital gains or more than one partnership firm, then ITR-3 may be required. But for most cases with 44AD presumptive income + partner remuneration, ITR-4 works.
Remuneration received from a partnership firm (i.e., share of profits or remuneration as partner)
Presumptive income under section 44AD (business income declared on presumptive basis)
Which ITR form to file?
ITR-4 (Sugam) is the appropriate form for individuals and HUFs having income from business or profession under presumptive scheme u/s 44AD and also income from partnership firm (remuneration or profit share).
Important notes:
Income from partnership firm is shown under "Income from Business & Profession" or "Income from Partnership Firm" as applicable in ITR-4.
If the assessee has any other sources of income like salary, house property, capital gains, then also ITR-4 is suitable provided total income is within limits prescribed.
If the assessee has complex income like capital gains or more than one partnership firm, then ITR-3 may be required. But for most cases with 44AD presumptive income + partner remuneration, ITR-4 works.
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