ITR Forms of Partnership and Partners

Transcript

ITR Forms of Partnership If Claiming Section 44AD/44ADA/44AE Scheme ITR 4 If not Claiming 44AD/44ADA/44AE Scheme ITR 5 Examples Turnover More than 2 Cr for Business Turnover More than 50 lacs for Professionals Showing Less than 8%/6% Profit for Business Showing Less than 50% Profit for Professionals Agency Business ITR Form for Partners If Having PGBP Income If No PGBP Income ITR 3 ITR 2 Example Income from Partnership (Audit) Salary/Interest Received Some other Business of Partner (other than Partnership) Example Partnership is Non Audit No Deduction for Salary/Interest No other Business of Partner (other than Partnership)