Section 44 ad - partnership firm

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 December 2015 Dear Sir,

Is it compulsory to fill all the details of Balance Sheet & Profit & Loss account for partnership firm, if we file ITR U/s 44 AD ?

Please guide regarding this.

Thanking you in advance.


10 December 2015 If you file ITR 4S then B/S & P/L details is not compulsory.

In ITR 4S following details required:

1. Gross Turnover or Gross Receipts
2. Total presumptive income
3. Total Sundry Debtors
4. Total Sundry Creditors
5. Total Stock-in-trade
6. Cash Balance

If you file ITR 4 then B/S & P/L details is compulsory.

10 December 2015 well for partnership firm it would be ITR-5 and not ITR4s or ITR4.

In ITR-5 you would fill the Non-account cases details.

10 December 2015 For Firm You have to File ITR-5 .you have to fill Full Details Balance sheet & Profit & Loss account.

10 December 2015 For Firm You have to File ITR-5 .you have to fill Full Details Balance sheet & Profit & Loss account.

10 December 2015 Yes, dear my mistake.

You have to file ITR 5.

10 December 2015 even in ITR-5 full BL/P&L details are not required.


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