Menu
ITR applicability
What ITR will apply for assese earning from partnership firm? ITR-2 or ITR-3? Because, if I get income from firm, it comes under the head PGBP and if PGBP income is earned, ITR-3 is opted. But at the same time, ITR-2 applicability is stating that, it will be apply even when assese is earning income from partnership firm.
Replies (3)
For AY 2018-19......... only ITR3
ITR 2 option was available in earlier year....
Dear Sir,
1. ITR-3 can be filed by an Individual or HUF deriving income from proprietary business or profession.
2. ITR-3 can also be filed by an Individual or HUF who is a partner in a firm deriving his income by way of any interest, salary, bonus, commission or remuneration from firm.
For AY 2018-19, Person having Income from Partnership firm will have to file ITR-3 only. ITR-2 is for persons not having income from Business/Profession.
Recent Topics :
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
Related Topics :
CAclubindia
