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
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Itr form
Replies (5)
Hi lokesh,
You have to file ITR-4.
file ITR 4
Hi, Lokesh
Here income from partnership firm is also professional income so, file ITR 4.
ITR 4 should be filed
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...
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