Profit from partnership firm in ITR-3
Hi, I am filing form ITR-3 for one of the client. Where do we need to show profit from Partnerhsip firm in form ITR-3?
I do not see any field for profit share in BP tab.
You can show profits from Partnership firms in form ITR-3. First you need to provide detials of firms in which you are partner in the tab Schedule IF, once the firm details are filled go to TAB, Schedule EI, in the schedule point 5 fill the total profit share from all the firms.
Thank you. Got it, ITR forms seems too complicated. Why do not we have option to put these detials in BP tab itself.