Hello,
I am filing ITR 3 this year (erstwhile ITR 4) since I am offering consultancy services for an NGO. I get paid consultancy fees for the same.
Apart from this:
1) I am also a partner in a firm. I do not receive any income such as salary etc. I have a 50% share in the profit. As per my understanding, share in profit is not taxable in my hands.
2) I have interest income from SB accounts, annuity from past employers.
In the P & L Account - Should I include share of profit from partnership firm, Interest income from SB Account, Annuity etc in P&L Account
OR
Should I show it under Other Sources.
Please clarify.
Thanks,
VS