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Filing of ITR by Partnership Firm with nil income

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06 November 2019 Sir, I ad formed a partnership firm and started to construct residential flats for business purposes. Construction has already started and advances has also been received from clients. Now I have to filr ITR for AY 2019-20. Please let me know the following:
a) Which ITR should I use ?
b) Where to show amount invested in construction and advances received from the clients ?
c) As there is no income during the year, where to show the same ?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 November 2019 1 File ITR 5
2 Show it in balance sheet.
3 Show it as zero income
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