Parnership acvount

partnership ke liye konsa itr bharna hai ? turnover 1 cr se kam hai aur accounting bhi nahi hai
Replies (6)
Quick Summary
This discussion explores the correct Income Tax Return (ITR) form for partnership accounts with a turnover under £1 crore and no formal accounting. It covers the applicability of presumptive taxation under Section 44AD, which allows filing with ITR-4 at an 8% or 6% profit rate. Alternatively, the normal scheme using ITR-5 with books of account is discussed, including considerations for house property details and audit requirements.

You can show your business income as per Section. 44AD under Presumptive Taxation @ 8% or 6% as the case may be if you're doing business which are eligible to adopt presumptive Scheme u/s 44AD.
In this case you can file your return in Form ITR 4.

what is your nature of business /business activity.?
Manpower service in company, but 44AD under 8 % profit rakhu to mujhe 30 % tax Dena padega
Yes, you have to Pay 30% tax + cess ect..but it's on that 8 % Profit under 44AD.

otherwise, you can file under normal scheme in ITR 5 "with books of account"..
Sagarji Itr5 sahi hai lekin AY 2019-20 mai house property ki details compulsory mang raha hai
Compulsory Nahi hota Hain...just Diya hua Hain fill Karna Hain toh Karna nai toh nai.
Audit to jaruri nahi hai na

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register