I have income calculated @ 8% of sales under sec. 44AD for my firm ABC, Now my question is that where to fill the amount of partners remuniration and intrest on partners capital. in ITR 5.
KRISHNA MURARI LATH (PROPRIETOR) (36 Points)
12 April 2013I have income calculated @ 8% of sales under sec. 44AD for my firm ABC, Now my question is that where to fill the amount of partners remuniration and intrest on partners capital. in ITR 5.
sourav jain
(INTERNAL AUDITOR)
(128 Points)
Replied 12 April 2013
Hello Krishna ji
there is no specific column in ITR 5 for deduction related to 40(b) , but you can claim deduction for the same by filing the amount in column no. 30 in Sch BP.
Correct me if i m wrong..
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