AY 2011-2012
ITR 3
Schedule BP
Question on category for "Salary, bonus,commission or remuneration received from the firm"
What figure do I put here? Options: 500,000 or 350,000?
I have statement from firm showing the following figures:
-Share of Profit (from M/s. NameofFirm) as per Statement attached 350,000
-Share of Profit Exempt U/s 10(2A) of the Income Tax Act, 1961 150,000
I should also put 150,000 in the Schedule EI, line 5. Is that right?
I just want to confirm because it says in the title of the Schedule EI that the below income is not to be included in total income. Going by this, the figure in Schedule BP should be 350,000.
I'm filing return on behalf of my deceased father. Just wanted to confirm. Thanks in advance!