ITr doubt

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Accountant
345 Points Joined February 2011
Hi,
In which line of itr3 pgbp head...remuneration received by partner has to be shown
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On 14 November 2024 at 13:19 Report
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Master in Accounts & high court Advocate
9494 Points Joined December 2011

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

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On 14 November 2024 at 13:38
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Accountant
345 Points Joined February 2011
Thank you
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On 15 November 2024 at 17:20


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