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MEMBER OF AOP

karan (student) (54 Points)

23 August 2018

Which ITR is required to be filed for the Member of AOP having income from profit of AOP ?

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6 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14863 Points)
Replied 23 August 2018

ITR 5 for AOP

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CA P V N Varma (CA ) (609 Points)
Replied 23 August 2018

ITR 3 should file if you have recieved income from AOP

prasad Nilugal ( GST Practitioner & Accounts ) (14863 Points)
Replied 23 August 2018

Mr Varma Sir ITR -3 is for INDIVIDUALS having income form Busniess & profession plase confirm

karan (student) (54 Points)
Replied 23 August 2018

I am asking for ITR of Member of AOP

CA P V N Varma (CA ) (609 Points)
Replied 23 August 2018

if member of AOP is an Individual then share income should be shown by filing ITR 3..

ITR5 applicability
This Form can be used by a person being a firm, LLPs, AOP, BOI, artificial juridical person referred to in section 2(31)(vii), persons referred to in section 160(1)(iii) or (iv), cooperative society, registered societies and local authority. However, a person who is required to file the return of income under section 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4F) shall not use this form.

so in my view ITR 3 suitable. if any thing wrong plz suggest me