Presumptive income
This query is : Resolved
31 December 2011
In case of Partnership Firm, ACT says Sec40(b) can be allowed against the presumptive income, but there is no provision or column in the ITR4S for the same. How we can claim the deduction? Are we have to use ITR5 for the partnership firms. Please clarify.
31 December 2011
Use ITR -5 for firms.
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