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Dissolution of partnership

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07 June 2019 Our firm has closed its business with effect from March 31st 2018. As there is no transactions for the Financial year April to March 2019, whether it return for AY 2019-20 is mandatory?

We have not prepeared any dissolution deed till now.
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CA Abhishek Goyal

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CA Abhishek Goyal (Expert)
07 June 2019 Hi.

As you have not prepared any Deed of dissolution, you have to compulsory file your Income Tax return for FY 2018-19 even there is no transactions.

Thanks,
Regards
CA Abhishek Goyal
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
08 June 2019 Otherwise penalty can be initiated u/s 271F for violation of section 139(1)(a).
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