Dunaboyina subrahmanyam (accounts ) (67 Points)
08 October 2020Dear 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.
Pallavi P
(Job)
(151 Points)
Replied 08 October 2020
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.
Dunaboyina subrahmanyam
(accounts )
(67 Points)
Replied 08 October 2020
sir is it tax audit or normal filling
Pallavi P
(Job)
(151 Points)
Replied 08 October 2020
You can use ITR-5 for normal filing also.
You said your Turnover is less than 20 lakhs , Audit is not required.
Amit Khare
(204 Points)
Replied 08 October 2020
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