Go AD-FREE with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

Itr for professional and llp partner

ITR 524 views 6 replies

Anuj Gupta

Freelancer

29 Points Joined May 2017

I am currently working as a technical consultant on contract since August 2018. Also I am a managing partner in an LLP under which there is no income in last FY. I wish to file my income tax for FY 2018-19 under presumptive tax regime but not sure if I must fill ITR 3 or ITR 4? I also jointly own (with my wife) 2 houses (1 in another city and 2nd in same city where I reside but still under construction). My total income from consultancy was less than 10 lac for FY 2019-20. Please guide about the correct ITR.

Thanks in advance.

Regards, Anuj.

Replies (6)

Antrika Sinha

student

315 Points Joined January 2018

Select ITR 3, suitable for PGBP income along with partnership.

RAJA P M

"Do the Right Thing...!!!"

128121 Points Joined January 2015

ITR 3 is applicable to a partner.

*ITR 4 not applicable...

Anuj Gupta

Freelancer

29 Points Joined May 2017

Thanks a lot Ms. Antrika and Mr. Raja for your replies and to clarify the required ITR. Will the same ITR3 be applicable for my wife, who is a salaried person in an organization and is partner in my LLP (non-earning during last FY)? Or will it be only ITR3 OR (ITR1 + ITR3) for her? Thanks in advance. Anuj.