My firm"s net profit is of Rs. 21000.........n I claim 21000 as partner remuneration.......i m following 44AD........should i show 21000 as net profit if ITR-5 or Nil...........If i show 21000 there wil b tax.......then should there is any column where i should show partner remuneration..........plz help me.........i m filing online return in which column n sheet i will show partner remuneration
Menu
Regarding parner remuneration details in itr-5
Replies (2)
You should shown your return as " NIL"
NET PROFIT OF A FIRM IS 20000.. NO REMUNERATION TO PARTNERS HAS BEEN CHARGED STILL...
CLIENT IS GOING FOR SEC 44AD..
1. IS IT NECESSARY TO GIVE REMUNERATION TO PARTNERS?
2. IF REMUNERATION IS GIVEN, RULE IS.. I
N CASE OF LOSS OR ON FIRST 300000 OF PROFIT- @ 90 % OF BOOK PROFIT OR 150000 WHICHEVER IS MORE...
SOOOO.... IF I PROVIDE REMUNERATION AS 150000, I WILL GET A LOSS OF 130000...
WHWT SHOULD I DO...????
Recent Topics :
- Short payment reccieved in export & GST implic
- Parag Gupta vs Purushottam Aggarwal- who is best f
- GST applicability on own-vehicle goods transportat
- FAST DS Scheme 26
- 12A registration expired in FY 22-23 and is not re
- Seeking Clarification on Business Code Selection a
- CG on property sold after construction of a house
- Nursing Home Taxability
- CA opted for Form 10IEA mistakenly - Demand raised
- Query on scenario related to FAST DS 2026
Related Topics :
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
ARTICLESHIP
01 September 2026
Articles
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
View Details
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
CCI
Pro
CAclubindia
