Sir, I'm filling an ITR of assessee who is a partner in a partnership firm which is filed under 44ab. But it showing late fees while showing kindly abyone provide me some input. Thanks & Regards
Replies (3)
Quick Summary
This discussion addresses concerns regarding income tax filing for the Assessment Year 2021-22, particularly for individuals who are partners in a firm subject to a tax audit under Section 44AB. The user is encountering unexpected late fees and seeking clarification on the correct procedure. Advice includes accurately declaring the partner status and business details, and inputting remuneration, interest, and profit-sharing information into the relevant ITR schedules.