ITR-4 (Sugam): A simplified form for residents, HUFs, and partnership firms opting for presumptive taxation under Sections 44AD or 44ADA. It covers income from business or profession, one residential property, salary/pension, and other sources up to ₹ 50 lakh (excluding specific winnings)....
Limited Liability Partnership (LLP) is a corporate business vehicle formed by at least two partners. It contains elements of both a corporate structure and a partnership firm and allows flexibility in operation. The liability of each partner is limited to their shares as specified in the agreement...
On perusal of financial statements, the Assessing Officer (AO) found that the assessee has received dividend income and share of profit from partnership firm aggregating to Rs. 71,60,368/-and was claimed exempt u/s. 10 of the Act. The A.O. is of the opinion that the assessee has not...
Filing of ITR 3, 5 or 6 for LLP, OPC, Companies, Partnership Firms and individuals who have not opted for the presumptive income scheme. Signup login frequently asked questions Q. What are the due dates of filing Income Tax Returns ?
In case of partnership firm, the personal accounts of the partners. In case of AOP/BOI, the personal accounts of the members. In case of a proprietary concern, the person account of the proprietor. In case of a partner of a firm, his personal account in the firm. ...
Taxability of profit from partnership firm and income in hand of partners. Business profit partnership firm is taxable at tax rate of 30% and Surcharge is also applicable at rate of 12% if income exceeds 1 crore. How to disclose financial statements in ITR-4. ...
Family) who are not eligible to file Sahaj ITR-1 and also, whose income is chargeable to income-tax under the head – Profits or gains of business or profession is in the nature of interest, bonus, salary, commission or remuneration, due to, or received by them from a partnership firm...
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ITR-3 Individuals/HUF earning income from proprietorship ITR-4/Sugam Opting for Presumptive tax scheme ITR-5 LLP, Firm, Trust, Co-operative society etc. Those covered under ITR-7 shall not fill this form. ITR-6 Companies other than those claiming exemption under section 11 of IT Act....
has to be filed within 6 years from the end of the assessment year for which income tax return has to be filed. An individual can file condonation delay request by logging into his account on the Income Tax e-filing website. Missed Filing ITR: Check Tax Liability,File Condonation of Del...