https://www.taxtmi.com/forum/issue?id=112843 Whether a partnership with turnover within the presumptive threshold should use ITR 4 depends on applicability of the presumptive provisions and treatment of partner remuneration; ITR 4's utility may calculate tax on full profit if partner remuneration is entered in its designated field, and its explanations suggest remuneration is deductible in limited presumptive contexts, so partnerships unable to reflect remuneration under ITR 4 may need to file the more detailed ITR 5 and meet its audit and reporting requirements. en-us Tue, 19 Sep 2017 14:10:59 +0530 Thu, 23 Jan 2025 15:55:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112843 Whether a partnership with turnover within the presumptive threshold should use ITR 4 depends on applicability of the presumptive provisions and treatment of partner remuneration; ITR 4's utility may calculate tax on full profit if partner remuneration is entered in its designated field, and its explanations suggest remuneration is deductible in limited presumptive contexts, so partnerships unable to reflect remuneration under ITR 4 may need to file the more detailed ITR 5 and meet its audit and reporting requirements. Discussion-Forum Income Tax Tue, 19 Sep 2017 14:10:59 +0530 https://www.taxtmi.com/forum/issue?id=112843