Kaushik (Accounts) (123 Points)
10 December 2015There are two cases:
(A) An partership firm has Only Dividend Income and no other income. Does it have to file return ? Is it exempted ?
(B) An partnership firm has Only Agriculture Income and no other income. Does it have to file return ? Is it exempted ?
Abhishek Satam
(financial execetive )
(86 Points)
Replied 10 December 2015
Yes you have to file return in both the cases......
Jaspal Singh
(Practising CA)
(321 Points)
Replied 10 December 2015
Swamy
(Article)
(116 Points)
Replied 11 December 2015
Swamy
(Article)
(116 Points)
Replied 11 December 2015
Swamy
(Article)
(116 Points)
Replied 11 December 2015
Swamy
(Article)
(116 Points)
Replied 11 December 2015
Swamy
(Article)
(116 Points)
Replied 11 December 2015
Swamy
(Article)
(116 Points)
Replied 11 December 2015
Swamy
(Article)
(116 Points)
Replied 11 December 2015
Swamy
(Article)
(116 Points)
Replied 11 December 2015
Swamy
(Article)
(116 Points)
Replied 11 December 2015
Z
( )
(2960 Points)
Replied 11 December 2015
It is mandatory for a firm to file the return
As per S.139(1) Every person,—
(a) being a company or a firm; or
(b) ........
shall, on or before the due date, furnish a return of his income or the income of such other person during the previous year, in the prescribedform and verified in the prescribed manner and setting forth such other particulars as may be prescribed :
Kaushik
(Accounts)
(123 Points)
Replied 11 December 2015
Thanks for reply
In the above same case [where (A) Income is only Dividend (B) Income is only Agriculture], if Partnership firm has not filed ITR, than what are the consequences / fine / penalty ?
ca mukesh rajput
(chartered accountant)
(26 Points)
Replied 11 December 2015
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