Which form of ITR for individual who is also a partner in other firms.
This query is : Resolved
28 October 2007
Kindly advice as to which form of ITR is to be used for an Individual who comes under 44AB tax audit and who is also a partner in another 2 firms which also is covered by 44 AB tax audits. Urgent.
28 October 2007
Thanks
29 October 2007
ITR 4 is applicable. Share of Income from partnership firm can be shown in clause-5 of Shedule for income for Busines or Profession.
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