ITr doubt

Hi,
In which line of itr3 pgbp head...remuneration received by partner has to be shown
Replies (2)
Quick Summary
This discussion clarifies the correct placement for reporting remuneration received by a partner in the ITR-3 form. Generally, it should be entered under the 'Partnership Firm' section, specifically in the 'Remuneration to partners' line (Line 23). However, if the partner also runs a separate proprietorship business, this remuneration should be declared within the 'Proprietorship' section's Profit & Loss Account.

In the ITR-3 form, remuneration received by a partner should be shown in the following line: "Partnership Firm" section: - "Profit & Loss Account"

sub-section: - "Remuneration to partners" (Line 23) This line is specifically meant for reporting remuneration or salary received by partners from the partnership firm.

 However, if the partner is also a proprietor of another business, then the remuneration received from the partnership firm should be reported in the "Proprietorship"

 section: - "Profit & Loss Account" sub-section: - "Remuneration to

Thank you

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