which itr form will be applicable?

ITR 1054 views 17 replies

Hii friends i want to know that in which itr form a person being a partner in the firm and also doing business in his name will file his income tax return?

Replies (17)

ITR-IV

ITR 4

ITR 4 - For individuals & HUFs having income from a proprietary business or profession

https://law.incometaxindia.gov.in/DITTaxmann/IncomeTaxRules/pdf/ay2008-09/FormITR-4.pdf

But he is a partner also and the when i select the itr-4 then the software shows that for itr-4 partners detail will not be entered.

Hi ARVIND... I think u r selecting as PARTNERSHIP and not as a PARTNER, so software must be denying...

 

Because, in ITR-4, Schedule IF (at 2nd last page) and Schedule EI (at last page) does carries provision of disclosing all the incomes that an individual earns from a partner, may it be remuneration, interest or profit part

hi

 

you need to file the ITR III because the there is the One of the pages in ITR III is BP there is enter your Income from firm for which partners  you should enter the these details it is compulsory for you

ITR 4

Originally posted by : manikandan.J

hi

 

you need to file the ITR III because the there is the One of the pages in ITR III is BP there is enter your Income from firm for which partners  you should enter the these details it is compulsory for you

 

This is For Share of profit

ITR 4 IS RIGHT U MAKE PROPER CHOICE IN SOFTWARE THAN U WILL GET WAT U WANT

of course ITR 4

 

CHECK LATEST NOTES AND AMENDMENTS FOR CA FINAL


/forum/ca-final-may-2010-amendments-and-notes-for-all-subjects-75890.asp

ITR 4.

Can you disclose which software you are using??

i am using Webtel software.

Originally posted by : Ashish Sharma


ITR-IV

Dear Ashish,

Its Not ITR  - IV

Its ITR - 4

 

Please Correct Your Self.


CCI Pro

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