karthik (audit staff) (87 Points)
08 December 2014dears,
i have doubt in following, pls clarify it.
mr John is a partner of one Partnership firm. he is getting partner remuneration Rs.300000/- in that firm and he is having own business also. in this case which ITR form applicable for mr John and where to be fill that remuneration in ITR form.
Regards,
Karthik.K
D K BAYYAREDDY
(CHARTERED ACCOUNTANT)
(52 Points)
Replied 09 December 2014
ITR - 4 is correct return of Income.
CA Vap Patel
(Practice)
(1205 Points)
Replied 09 December 2014
Yup it’s ITR 4,
And Partner remuneration is shown under BP schedule point No 23- "Any Other Income (Including income from salary, commission, bonus and interest from firm in which an individual/HUF/prop. Concern is a Partner) not included in profit and loss account"
CA. Kapil Goel, DISA(ICAI)
(cakapilgoel.wordpress.com)
(2191 Points)
Replied 10 December 2014
Yes. ITR 4 will be filed. as said by all.
CAclubindia
