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

ITR 1835 views 1 replies
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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

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On 25 August 2019 at 20:27 Report
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17264 Points Joined December 2018
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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On 25 August 2019 at 21:23

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