banner_ad

ITR for partners having income from partnership firm

Others 372 views 8 replies
User Avatar

56 Points Posted on 20 October 2018
which ITR to be used for AY 18-19 to file partners returns who have income from partnership firm (remuneration and interest on capital ).
1 Reply Share Follow
On 20 October 2018 at 15:15 Report
Replies (8)
User Avatar

13 Points Posted on 20 October 2018
form 3 is to be used,
Reply
On 20 October 2018 at 15:24
User Avatar

56 Points Posted on 20 October 2018
which sheet to use to reflect this income ?
Reply
On 20 October 2018 at 15:26
User Avatar

Accounting & Finance Taxation Company
839 Points Posted on 20 October 2018
ITR 3.
While selecting nature of business/profession on the second Tab , select code 0001 (the first option from the list).
Let me know if you have any other queries.
1 Reply
On 20 October 2018 at 15:27
User Avatar

56 Points Posted on 20 October 2018
since there is no dedicated tab to enter partners remuneration and interest on capital, do we show it in BP sheet
Reply
On 20 October 2018 at 16:01
User Avatar

Accounting & Finance Taxation Company
839 Points Posted on 20 October 2018
no.. there is a dedicated place for the same as well..
Reply
On 20 October 2018 at 16:08
User Avatar

56 Points Posted on 20 October 2018
which sheet can I find the same ?
Reply
On 20 October 2018 at 16:10
User Avatar

Member of ICAI CS Executive
192 Points Posted on 20 October 2018
Partners having income from partnership have to use ITR 3 .
Income from partneship firm such as interest, bonus, salary etc should be disclosed in the item number 24 in schedule-BP.
1 Reply
On 20 October 2018 at 18:08
User Avatar

Still studyig
56 Points Posted on 21 October 2018
annonymous donation and tax thereof
Reply
On 21 October 2018 at 22:35


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details