In case of Partnership Firm, ACT says Sec40(b) can be allowed against the presumptive income, but there is no provision or column in the ITR4S for the same. How we can claim the deduction? Are we have to use ITR5 for the partnership firms. Please clarify.
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Presumptive income
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We have to use ITR 5 for Partnership firms
I Think
In case of Firms ITR5 is to be filled.
Dear Member,
According to me ,If you have to file return for PARTNERSHIP then you have to file ITR-5.
In this form you got coloum for presumptive income ..
Regards,
Ronak Darji
| Originally posted by : RONAK DARJI | ||
 |
Dear Member, According to me ,If you have to file return for PARTNERSHIP then you have to file ITR-5. In this form you got coloum for presumptive income .. Regards, Ronak Darji |
 |
ITR -5 only
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