Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

which itr form will be applicable?

(Guest)

Hii friends i want to know that in which itr form a person being a partner in the firm and also doing business in his name will file his income tax return?

Reply
Follow
Share

17 Replies

Ashish Sharma (Service) (1028 Points)
Replied 30 March 2010

ITR-IV

Upgrade to CAclubindia Pro. Subscribe Now!

CA Ayush Agarwal (Kolkata-Pune-Mumbai) (27186 Points)
Replied 30 March 2010

ITR 4

(Guest)

ITR 4 - For individuals & HUFs having income from a proprietary business or profession

https://law.incometaxindia.gov.in/DITTaxmann/IncomeTaxRules/pdf/ay2008-09/FormITR-4.pdf

(Guest)

But he is a partner also and the when i select the itr-4 then the software shows that for itr-4 partners detail will not be entered.

CA Dhiraj Ramchandani (CA, M. com) (10823 Points)
Replied 30 March 2010

Hi ARVIND... I think u r selecting as PARTNERSHIP and not as a PARTNER, so software must be denying...

Because, in ITR-4, Schedule IF (at 2nd last page) and Schedule EI (at last page) does carries provision of disclosing all the incomes that an individual earns from a partner, may it be remuneration, interest or profit part

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

manikandan.J (Accounts Manager) (363 Points)
Replied 30 March 2010

you need to file the ITR III because the there is the One of the pages in ITR III is BP there is enter your Income from firm for which partners you should enter the these details it is compulsory for you

CA Parag Shukla (Practicing Chartered Accountant) (153 Points)
Replied 30 March 2010

ITR 4

CA Ayush Agarwal (Kolkata-Pune-Mumbai) (27186 Points)
Replied 30 March 2010

Originally posted by : manikandan.J
	hi you need to file the ITR III because the there is the One of the pages in ITR III is BP there is enter your Income from firm for which partners you should enter the these details it is compulsory for you