banner_ad

PARTNERSHIP FIRM TURN OVER LESS THAN 20 LAKHS

517 views 4 replies

Dear All,

 We Are running partnership firm having less than 20 lakhs turn over for previous year.  TDS Deducted 33200/- for previous year.

But If file ITR 4 opted 44ad we are loose TDS refund. we cant book partner remuneration .

can we file ITR -3 in this case . 

 

Please suggest.

 

Replies (4)

As per my opinion, You cant File ITR -3 .Because its applicable only to Individual & HUF.

ITR 4 would be applicable if you want to file return u/s 44AD

But if you dont want to opt 44AD, You can File ITR 5,but you have to fill balance sheet  & P/L statement details.

This is my opinion.

sir is it tax audit or normal filling

You can use ITR-5  for normal filing also.

You said your Turnover is less than 20 lakhs , Audit is not required.

In your case of partnership firm you will have to file itr5. furnish it along with PL and Bs


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 02 May 2026
Accounts and Audit Assistant

Kothawade and Laddha

Thane

B.Com

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

M/s G.K. Choksi & Co.

New Delhi

CA Inter

View Details