Dear Friends which ITR form is required to be filed in case of an Individual who has a Proprietorship Business as well as earns Salary from a partneship Firm in which he is Partner.
Regards
Lokesh Bahl
5 Replies
V SANDEEP
(information about students exams)
(23 Points)
Replied 19 August 2015
Hi, Lokesh
Here income from partnership firm is also professional income so, file ITR 4.
Vishal Goel
(Chartered Accountant)
(1693 Points)
Replied 20 August 2015
Hello, Salary paid to a partner by the firm is taxed in her/his hands under the head Profits & gains of Business or Profession. Such salary has the same character as the profits earned by a firm as held by the Apex Court in a number of rulings.
file ITR-4...
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