Can any one tell me if Partnership firm is not opted presumtive income then which form is require to file ITR 5 Or ITR 4S?
And 8 % Profit creteria is for BEFORE Parnters Remunaration and interest OR AFTER Remunaration and interest?
Please tell me
Hi Mr. A.K. Mohan Raj Bharati
The Answer For Your First Question Is- You Will Use ITR- 5 Only Because It Is Specified For Partnership Firms Specifically And It Overrides Any Other ITR.
The Answer For Your Second Query Is – If Your Assessee Is Showing And Getting The Salary From Any Partnership Firm Then ITR-4s Will Not Be Filled. ITR-4 Will Be Filed As Per Your Information
Hi Mr. Sashank Aggarwal
The Answer For Your First Question Is- You Will Use Itr- 5 Only Because It Is Specified For Partnership Firms Specifically And It Overrides Any Other Itr.
The Answer For Your Second Query Is – The presumptive Rate Of 8 % is Before charging salary and interest. So salary and interest will be provided as per limits specified after 8 % presumptive rate
then for what itr4S is used?
Dear Sir,
I Know my tcs claimed which from used for claim the tcs amount..
COMMISION RECIVED OF INSURANCE AGENT FROM INSURANCE COMPANY AND NO ANY INCOME
WHICH ITR WILL FILLUP.
WILL USE ITR 4S
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