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 ?
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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.
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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