Please help me

If the firm is maintaining books of account, then what is the problem in filling up of the details in ITR - 5. In ITR-5, the figures are to be filled in worksheet with Name containing Balance Sheet & Profit & Loss Account.

If your question is something which i have not covered, then plz. specify your question in detail.

Dear Mr. Vivek

We are firm and our gross profit is less than 5% of the turnover , So we are filling return u/s 44af.

Trunover : 3500000

Profit as per sec 44af (5% of Turnover):175000

Less Interest to partner:83500

Less Remuneration: 82350

Taxable Income: 9150

Where as my actual profit as per p& L a/c is Rs. 85000 (before interest and remuneration to partner)

So when i debit interest and remuneration to my p&l a/c , it will reflect loss.

My question is as we are maintaing proper books of accounts , In ITR-5 in pross and loss worksheet do i have to fill all details according to my p&L a/c (i.e. show loss) and then worksheet "BP" I have to compute my income acording to sec 44af as mentioned above ?

Regards

Divyesh