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31 Points Posted on 26 August 2020
ITR 4 or 5 is applicable for Firms ?
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On 26 August 2020 at 17:35 Report
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This discussion clarifies the applicability of Income Tax Return (ITR) forms 4 and 5 for firms. Generally, ITR 5 is the correct form for partnership firms. However, if a partnership firm is filing its return under the presumptive taxation scheme (sections 44AD, 44ADA, etc.), then ITR 4 becomes applicable. For all other cases, ITR 5 should be used.

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Studwnt
1141 Points Posted on 26 August 2020
Itr 5
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On 26 August 2020 at 17:43
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Tax and Business Consultant
11616 Points Posted on 26 August 2020

For Partnership Firm Filing return under Presumptive Taxation u/s 44AD, 44ADA ect. than ITR 4 is applicable

In others cases, ITR 5 is applicable..

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On 26 August 2020 at 18:10
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31 Points Posted on 26 August 2020
Thank Q Sir
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On 26 August 2020 at 19:06
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Tax and Business Consultant
11616 Points Posted on 26 August 2020
Most welcome........
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On 26 August 2020 at 19:31

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