22 April 2016
Assessed is a partner in a firm receiving partners remuneration & share in firms profit ALSO carries on a proprietorship business of consultancy and has consultancy income thereof for which he maintains no books of accounts. 1. Which ITR should be filed? 2.Assessed owns a car can he claim depreciation of it in return.?
22 April 2016
Itr-4 file to be filled since Assasee having business income along with remuneration from partnership business . If car owned is used for business assasee can claim depreciation in proprietary business.
CAclubindia
