Dissolution of partnership
This query is : Resolved
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.
We have not prepeared any dissolution deed till now.
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
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
08 June 2019
Otherwise penalty can be initiated u/s 271F for violation of section 139(1)(a).
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