Itr form for partner

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Designer
48 Points Posted on 24 March 2019

Hello,

 

A partnership has opted for ITR4 and therefore no remuneration paid to partners. Now can a partner who's having a proprietorship business also can file ITR4 also since he's not having any untaxed income from partnership firm?

Also can you take total receipts in a FY  as total income while filing ITR 4?

Thanks in advance

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On 24 March 2019 at 16:25 Report
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Student CA Final
219 Points Posted on 24 March 2019
As per my knowlegde ITR applicable to a partner should be filed instead of ITR 4 since there is additional information required to be disclosed in the form wrt the partnership firm in which the assessee is partner.

All receipts are not in the nature of income. You should determine wrt to each receipt whether it is consideration towards the sale of goods or services rendered.
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On 24 March 2019 at 17:04
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"Do the Right Thing...!!!"
77792 Points Posted on 24 March 2019
ITR 4 not applicable...
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On 24 March 2019 at 19:25
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proprietor
288 Points Posted on 25 March 2019

partnership firm file itr-4

 

but

 

partner must filed itr-3 in a.y.2018-19 

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On 25 March 2019 at 17:29
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"Do the Right Thing...!!!"
77792 Points Posted on 25 March 2019
Good reply Mr CHAVDA SANJAY MANSUKHBHAI... 👍👍👍👍👌👌👌👌
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On 25 March 2019 at 17:32

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