How to show remuneration received by partner in itr-3

Income earned by the assessee by way of salary, commission, bonus, interest, etc. from other firms as if in the capacity of a partner, which has not been included in the profit and loss account of the proprietary business needs to be disclosed in item No. A24 in Schedule BP.

if the individual is a  partner in a firm and in itr it is mandatory section to fill nature of business  but if we fill nature of business then the IT Dept. may ask for BS n P&L .....

Can any expert can solve my query????

The following thread may help as I was having similar queries for ITR 3 https://www.caclubindia.com/forum/itr3-balance-sheet-data-468698.asp You can file via excel utility.

For AY 2018-19, I followed your steps and entered my renumeration of salary from Partnership firm under BP A24 and filed the returns.The returns was accepted but an email from IT dept followed stating that the ITR-3 returns is defective with following table:

Please advise:

Your Income Tax return ITR-3 uploaded for AAUPS7268L and AY 2018-19 has the following defect(s)

Yes, this is the defect in the utility, this year. All those who have filled the partner's remuneration like this have got similar e-mail. At the same time there is no link for reply to mail in the e-filing site...... which means it is just informative mail, and not to be worried.

Technically, you have filed perfectly, so question of any defect would not arise. CPC will automatically correct it.

i have filed itr-3 on 13/06/2018.puting remunaretion from the firm in the colume A24 of the schedule BP of  itr-3  without filling up balance sheet  & p/l account. i have received a mail from income tax dept that the return was accepted but identified as defective.Resolution is to fill balance sheet & p/l account.But according to your veiws,it was known to me that  this mail is informative & not worried & technical mistake in the utility.

so can i send the achknowledge copy to cpc ,bangalore for e-verification ?

sir,

i have filed itr-3 on 13/06/2018 without fill up schedule BP & PL.But received a mail from income tax dept that this identifird by defective return.As you said that trere are mistake in the utility & mail from it dept was informative & do not worry about it.so can i send my achkowledgement copy of itr-3 [18-19] to cpc bangalore for e-varification?

Someone just posted :

A new reply has been added to "Forum" thread at CAclubindia.com

how-to-show-remuneration-received-by-partner-in-itr-3

ITR-3 (AY 2018-19), In the Nature of business, Please Select Code No. "00001-Share of income from Firm only" if no other business / Profession under proprietorship or others. I think, the ITR wont be defective for not showing Balance Sheet and P&L details when we select this code as Nature of Business.

But I see there is no code starting with "00001-Share of income from Firm only" in the ITR 3 (AY 2018-19). Please advise correct code.

There is no code starting with "00001" in Nature of Business in ITR3 (AY 2018-19). Please advise

how-to-show-remuneration-received-by-partner-in-itr-3

Someone just posted :

A new reply has been added to "Forum" thread at CAclubindia.com

how-to-show-remuneration-received-by-partner-in-itr-3

ITR-3 (AY 2018-19), In the Nature of business, Please Select Code No. "00001-Share of income from Firm only" if no other business / Profession under proprietorship or others. I think, the ITR wont be defective for not showing Balance Sheet and P&L details when we select this code as Nature of Business.

But I see there is no code starting with "00001-Share of income from Firm only" in the ITR 3 (AY 2018-19). Please advise correct code.

REPLY

I have latest excel utility (ITR-3 on 10.07.2018) and the code "00001-Share of Income from Firm Only" is very much avaialble in it.  Copy of Screen Shot is enclosed for ready refrence.

I have latest excel utility (ITR-3 on 10.07.2018) and the code "00001-Share of Income from Firm Only" is very much avaialble in it.  Copy of Screen Shot is enclosed for ready refrence.

Read more at: https://www.caclubindia.com/forum/how-to-show-remuneration-received-by-partner-in-itr-3-430983.asp?offset=2

Thank you so much. IT3 - PR (released on 07.07.18) have this code "00001". So will use this form and get back if it still gives out the errors.