Assessee has income from Business u/s 44AD and Remuneration income (active partner) from a partnership firm. Please suggest which ITR form to be used for and how Balance sheet will be filled up?
7 Replies
pd23071997
(None)
(388 Points)
Replied 01 August 2019
ITR 4 not eligible for active partner; File ITR 3 u/s. 44AD.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 01 August 2019
Yes.... I agreed to Mr/Mrs/... pd23071997.
ITR 3 is only applicable to a Partner (if he/she is partner in any partnership firm.
So, File ITR 3 and Show your incomes as per requirements...
ITR 3 is only applicable to a Partner (if he/she is partner in any partnership firm.
So, File ITR 3 and Show your incomes as per requirements...
Kapadia Pravin
(17259 Points)
Replied 01 August 2019
is query for individual partner return or partnership firm return
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 01 August 2019
@ Mr Kapadia Pravin.,
What You suggest/File above said both Assessee in Your question...?!
What You suggest/File above said both Assessee in Your question...?!
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 01 August 2019
ITR 3 is applicable to Partner. All other Forms not applicable.
Sumit Kumar
(2 Points)
Replied 03 August 2019
Sir, while filling itr 2 in excel utility updated on 1 Aug 19, the residential status condition and benefit u/s 115h option locked.
I am unable to select options from dropdown for these two columns.
Please help, suggest.
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