Income from partnership firm, but no business or profession - which itr to file - itr - income tax



 

I have profit income from partnership firm. But I dont have a proprietorship business or profession.  This year(A.Y 2018-19) they have removed Schedule IF(Information regarding partnership firms) in ITR2. Also in schedule AL(assets and liabilities), there is no section to disclose the investment amount in a partnership firm. Due to this most popular websites/articles suggest that partners should file ITR3(which makes sense).  But in ITR3, the NATURE OF BUSINESS section requires atleast one row to be filled. But I dont have a business or profession. I have only profit income from a partnership firm. Hence I am unable to file ITR3 as well. So I am unable to use both ITR2 and ITR3. Please advise how to proceed. Thanks in advance for your help.   

 

 
Reply   
 
"Do the Right Thing...!!!"

ITR 3 is applicable to a Partner who is in partner of a Partnership Firm.
 
Reply   
 

Use code '00001' 'Share of Income from Firm Only' .... in ITR3.

 
Reply   
 

LEAVE A REPLY

Your are not logged in . Please login to post replies

Click here to Login / Register  

 


×

  CCI MENU