Go AD-Free with CAclubindia Pro and Daily Mobile Updates. Subscribe Now!

QUARY RELATED ITR5

RAJIB BHATTACHARJEE (82 Points)

15 September 2019

sir how can I fill schedule IF IN ITR 5

Reply
Follow
Share

1 Replies

Kapadia Pravin (17264 Points)
Replied 16 September 2019

Schedule-IF - Information regarding
partnership firms in which you are a partner This Schedule has to be filled for each firm in which you are partner. In column 2 of the Schedule, furnish the name of the firm and in column 3 furnish the PAN No. of the firm in which you are a partner. In column 6 and 7, please mention the percentage share and amount of share in the profit of the firm as computed in accordance with the provisions of the Income-tax Act, which is exempt from tax in hands of the partner. In column 8, please furnish the amount of capital balance (including the capital on which you are entitled for an interest) in the firm in which you are partner.