In itr 3 where i put the detail income from partnership firm
This query is : Resolved
02 October 2017
Pls let me know in ITR 3 where I put the Remunaretion, Interest & Profit from Partnership Firm.
03 October 2017
why are you using ITR3.......go for ITR 2 if you have income from partnership
03 October 2017
What incomw you have?????
04 October 2017
I have business income from Propritorship Firm & Income from Partnership Firm for e.g. Remunaretion, Interest on Capital & Profit from Partnership Firm.
04 October 2017
Then you have to file ITR-3.
04 October 2017
go for ITR2.......sheet BP
05 October 2017
How can you file ITR-2 if assessee having business income
06 October 2017
since assessee is having income from partnership firm, it is advisable to filr itr2 rther than itr3
06 October 2017
Sir he also having business income......
06 October 2017
choice is between ITR 2 and ITR 3......
as per the original query..."in ITR 3 where to put remuneration, interest and profit from partnership firm?"
and the answer is ITR 2 is meant for showing remuneration, interest and profit from partnership firm.
Now in case of a person having partnership income as well as proprietary business income...... it is a question mark?
Some practical solution, therefore, needs to be thought of.
Depending upon the quantum of income from partnership vis a vis proprietary, decision be taken whether to opt for ITR 2 or ITR 3
as per the original query..."in ITR 3 where to put remuneration, interest and profit from partnership firm?"
and the answer is ITR 2 is meant for showing remuneration, interest and profit from partnership firm.
Now in case of a person having partnership income as well as proprietary business income...... it is a question mark?
Some practical solution, therefore, needs to be thought of.
Depending upon the quantum of income from partnership vis a vis proprietary, decision be taken whether to opt for ITR 2 or ITR 3
06 October 2017
Amol Sir Any person having income from b&p will file ITR-3 or ITR-4 only.
07 October 2017
wisdom prevails.....choice is yours.....
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