dears,
i have doubt in following, pls clarify it.
mr John is a partner of one Partnership firm. he is getting partner remuneration Rs.300000/- in that firm and he is having own business also. in this case which ITR form applicable for mr John and where to be fill that remuneration in ITR form.
Regards,
Karthik.K
its surely ITR 4
ITR - 4 is correct return of Income.
Yup it’s ITR 4,
And Partner remuneration is shown under BP schedule point No 23- "Any Other Income (Including income from salary, commission, bonus and interest from firm in which an individual/HUF/prop. Concern is a Partner) not included in profit and loss account"
You may file ITR - IV
Yes. ITR 4 will be filed. as said by all.
CAclubindia
