Which itr - most confusing

An assessee being a partner in a Firm have drawn salary (not share) from the firm and at the same time is also running a proprietorship business in which he is the proprietor. Which ITR Form he should file his Return of Income ?

Thanks in Advance for your expert replies.
 

Replies (5)
Originally posted by : Somsuvra Mukherjee
An assessee being a partner in a Firm have drawn salary (not share) from the firm and at the same time is also running a proprietorship business in which he is the proprietor. Which ITR Form he should file his Return of Income ?
Thanks in Advance for your expert replies.

-> ITR-4 shall be filed.
.
-> Income earned by the assessee by way of salary, commission, bonus, interest, etc. from partnership firm, which has not been included in the P&L A/c of the proprietary business, needs to be disclosed in item No. A23 in Schedule BP.
.
-> Fill partnership details in Schedule IF
.

Agree With Deepak

Dear Som,

 

It has to be ITR-4 as ITR-3 is for the individuals/HUFS  being partners in a firm and not carrying any other properitorship business, and other detaills has already been conveyed through Deepak's Reply.

Dear Friend, ITR-3 is specifically for partner in a firm. ITR-4 is applicable for all cases, covers income from business (proprietorship and share of profit from Firm). I agree with Mr.Deepak Guptha.

Thank you mates for all of your valuable replies especially of Deepak Gupta and Thanks a lot to all other for confirming the same...

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details