44ad

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laxman

laxman (Querist)
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19 March 2012 which ITR Form we taken if Business Comes Under 44 AD of Partnership Firm Whether ITR4sugam or ITR3

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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19 March 2012 ITR 4S for individuals and HUF's only who has presumptive basis of Income. For your case if you have to file the partnership firm's return then ITR-5.Otherwise has to file partner's individual returns if they not carrying any other business income except from partner's remuneration then ITR-3 otherwise ITR-4 For partners ITR-4S not supported because in ITR-4S details of partnership not available.
In one word For partnership firm ITR-5 eventhough comes under 44AD. For partner's individual ITR-3 or ITR-4.
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