234-F ON BELOW TAXABLE INCOME
This query is : Resolved
TARIQUE RIZVI
(Querist)
03 January 2022
Respected Sir,
It is a partnership firm having no transactions such as bank sale purchase and expenses etc etc and every year we file NIL return by showing NIL P&L and few balance of nominal amounts in balance sheet. Whether it will attract 234-F if now we file the same return for the ay 21-22.
What is the procedure for surrendering PAN CARD for the purpose of closure of the firm on income tax portal.
PLEASE GUIDE ME AND OBLIGE.
It is a partnership firm having no transactions such as bank sale purchase and expenses etc etc and every year we file NIL return by showing NIL P&L and few balance of nominal amounts in balance sheet. Whether it will attract 234-F if now we file the same return for the ay 21-22.
What is the procedure for surrendering PAN CARD for the purpose of closure of the firm on income tax portal.
PLEASE GUIDE ME AND OBLIGE.
Dhirajlal Rambhia
(Expert)
03 January 2022
Yes, Rs. 1000/- would be payable u/s. 234F of IT act.
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