Dear Sir,
I AM PARTNER IN A FIRM I WANT TO FILE IT R FOR ASSTT YEAR
2018-2019.
IF I SELECT TO FILE ITR 3 FOR AY 2018-19 THE RETURN
UTILITY SAID ENTER BUSINESS CODE WHICH CODE IS REFFERED ?I AM PARTNER IN
A FIRM
I HAVE INCOME ONLY REMUNERATION AND SALARY FORM FIRM I AM NOT
LIABLE TO MAINTAIN BOOKS OF ACCOUNTS BALANCESHEET WHICH ITR IS USED?
INFORM ME
Reply
Dear Sir,
The said code reflects
nature of business of the firm. the assessee (partner of firm) has to enter the
code according to nature of business of firm. For example: code 16001 is for
legal professional etc. ITR-3 is to be used by an individual or a Hindu
Undivided Family who is having income under the head profits or gains of
business or profession and who is not eligible to file Sugam (ITR-4). Hence,
ITR-3 will be applicable in your case.