ITR 4 OR ITR -3

Efiling 1625 views 11 replies

1) IF PARTNER HAVE  SALARY  FROM FIRM 30000/- & INTEREST IS 15000/-  & OTHER INCOME IS RS 145000/- 

THAN CAN WE FILE     ITR - 4  OR ITR-3 ? 

Replies (11)

If the Other Income is from his other Business then u have to file ITR4

If the Other Income is from sources other than business hesd  then u have to file ITR3.

ITR -3 FORM CAN BE FILLED FOR THAT BUT IF PARTNER HAV ANY INCOME FROM ANY PROPRIETORY BUSINESS THEN IN THIS CASE  ITR -3 CANT BE FILLED.

 

Agree with above answers.

In itr 4 we have to show seprate  partner's interest & salary  or    only income from business & profession

 

ITR-4 For Business & Professional

ITR-3 For income form partnership firm as a partner.

You can show interest & salary in ITR-3.

agree with  above answer

salary income from firm to partner is termed as income from business or profession!!! ITR-4

Share in profit is exempt to partner!!!!! tax is payable by firm only!!

ITR 3  will be the correct.

listen Sir................

If you want to file an return so if you are earning income from Business of that 145000 than you should file itr-4 giving details of business income.............

and in case of income from source other than Business than you should file ITR-3

hello sir!

i want to itr-4 in excel with formula for f.y.2010-11 & i also want itr-1

If you are having other income as an business income then u hav to file ITR4 and if that income is from other sources then u hav to file ITR 3


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