1) IF PARTNER HAVE SALARY FROM FIRM 30000/- & INTEREST IS 15000/- & OTHER INCOME IS RS 145000/-
THAN CAN WE FILE ITR - 4 OR ITR-3 ?
11 Replies
Sumiti Jain
(FP)
(1364 Points)
Replied 04 February 2011
If the Other Income is from his other Business then u have to file ITR4
If the Other Income is from sources other than business hesd then u have to file ITR3.
CA. AMIT BHUTANI
(JOB)
(124 Points)
Replied 04 February 2011
ITR -3 FORM CAN BE FILLED FOR THAT BUT IF PARTNER HAV ANY INCOME FROM ANY PROPRIETORY BUSINESS THEN IN THIS CASE ITR -3 CANT BE FILLED.
SUNNY
(STUDENT CS)
(377 Points)
Replied 04 February 2011
In itr 4 we have to show seprate partner's interest & salary or only income from business & profession
Pankaj Arora
(Learner)
(3134 Points)
Replied 04 February 2011
ITR-4 For Business & Professional
ITR-3 For income form partnership firm as a partner.
You can show interest & salary in ITR-3.
CA Jigar Joshi
(BUSINESS)
(67 Points)
Replied 06 February 2011
salary income from firm to partner is termed as income from business or profession!!! ITR-4
Share in profit is exempt to partner!!!!! tax is payable by firm only!!
Rachit
(Ca-Final Article.)
(565 Points)
Replied 15 February 2011
listen Sir................
If you want to file an return so if you are earning income from Business of that 145000 than you should file itr-4 giving details of business income.............
and in case of income from source other than Business than you should file ITR-3
Sandip R Lathiya
(Executive)
(442 Points)
Replied 09 March 2011
hello sir!
i want to itr-4 in excel with formula for f.y.2010-11 & i also want itr-1
ankit
(article)
(35 Points)
Replied 09 March 2011
If you are having other income as an business income then u hav to file ITR4 and if that income is from other sources then u hav to file ITR 3
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