If person is partner in firm but in current year person do not have share of profit from firms . Person only has salary and Interest on capital . then which ITR need to be file .(AY2025-2026)
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ITR 3 for Partner
Replies (1)
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Partner’s salary and interest on capital are both taxable under the head "Profits and Gains from Business or Profession," even if no profit share is received.
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ITR-3 is applicable to individuals and HUFs who are partners in a firm and have income by way of salary, commission, bonus, or interest from the firm, regardless of whether profit is shared.
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