Itr of firm in case of presumptive income
This query is : Resolved
Guest
Guest
(Querist)
11 August 2013
Dear Expert,
I want to know which ITR to file in case of presumptive income declare by firm.
If ITR - 5 is to be filed then where to show the interest paid to partners.
I want to know which ITR to file in case of presumptive income declare by firm.
If ITR - 5 is to be filed then where to show the interest paid to partners.
11 August 2013
The payment is an expense so include the same under the Expenses. Deduct Expenss from Gross Profit , you will get Net Profit.
.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
- Cloud service
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Sale of Gold ornaments
- Running non ac bus under contract with roadways
- GST ITC on Liquidated damages
- Credit note Issue reg
- SECTION 194T
- Ca final exam registration may-26
- Conversion of Pvt Ltd Company to a LLP
- Expenses add back in profit
- Forgot to update debit note in gst
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
