TaxTMI 
TaxTMI 
Please guide me which ITR form for Partnership firm within 20 lak TO
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....lease guide me which ITR form for Partnership firm within 20 lak TO<br> Query (Issue) Started By: - Radhakrishna S Dated:- 19-9-2017 Last Reply Date:- 25-7-2018 Income Tax<br>Got 1 Reply<br>Income Tax....
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....<br>Dear Sir After reading the instruction I had chosen ITR4 (Sugam) downloaded excel utility from income tax website itself for filing of return of AY 2017-18 FY 2016-17 as our gross turn over is wi....
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....thin 20 lk and our profit is above 8% before Partnership remuneration & interest. As there was provision to enter the partnership remuneration in E6 it shall not be reduced in profit and shows tax pay....
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....able on full profit amount. If I enter profit after partnership remuneration in E2 b (8% of E1) it do not accept. I am wrong in choosing the required form. If so the next form ITR5 is more complicated....
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.... also ask for different audit report. In fact last year for Ay 2016-17 FY 2015-16 I had filled in ITR4 which had also accepted. Surprisingly Partnership remuneration (E6) shall be deducted only from t....
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....he Persumptive income of 44AE only not of 44AD (As per the explanation given in the form But instruction ITR 4 sugam is also for Partnership income as per special provision of Sec 44AD and 44AE can an....
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....y body guide me. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: It is hoped that you might have filed the return<br> Discussion Forum - Knowledge Sharing ....