Where to show firm share and remuneration recieved in partner itr 3

ITR 1320 views 1 replies

I am preparing ITR 3 where to show income from firm and remuneration recieved....do i need to fill balance sheet and profit and loss also

Replies (1)
Remuneration and interest received by partner from firm is taxable as Business income. However, share of profits from firm is not taxable in the hands of partner.


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