Dear Friends which ITR form is required to be filed in case of an Individual who has a Proprietorship Business as well as earns Salary from a partneship Firm in which he is Partner.
Regards
Lokesh Bahl
V SANDEEP
(information about students exams)
(23 Points)
Replied 19 August 2015
Vishal Goel
(Chartered Accountant)
(1688 Points)
Replied 20 August 2015
Hello, Salary paid to a partner by the firm is taxed in her/his hands under the head Profits & gains of Business or Profession. Such salary has the same character as the profits earned by a firm as held by the Apex Court in a number of rulings.
file ITR-4...