Filling nil returns for partnership firm
This query is : Resolved
CA. Afjal Y Hamirani
(Querist)
20 August 2011
hello,sir.
partnership firm has no profit/loss (it not doing its business for previous year) than only it responsibility to file nil return.please give answer as much as fast.or if answer is not than what effect will be there??
partnership firm has no profit/loss (it not doing its business for previous year) than only it responsibility to file nil return.please give answer as much as fast.or if answer is not than what effect will be there??
CA Ashwani Agarwal
(Expert)
20 August 2011
Yes it has to submit the return. Every partnership firm has to file the return u/s 139(1).
21 August 2011
If there is no business then NIL Return is to be filed.
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