Any one plz could tell me which ITR required by partner ship firm if it opt for SECTION 44 AD OF INCOME TAX ACT
2 Replies
Devendra
(Chartered Accountant)
(4775 Points)
Replied 04 October 2011
The Partnership Firm shall have to file ITR - 5, even if it opts for section 44AD of the Income Tax Act.
Regards,
Devendra K
CA Parag Jani
(BCom CA DISA Forensic Auditor)
(288 Points)
Replied 05 October 2011
Yes! file itr5 as a regular partnership firm! in that show separetly the profits u/s 44AD!
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