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Firm partners return due date

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This query is : Resolved

chetan (Querist)

02 August 2018 PARTNERSHIP FIRM LIABLE TO TAX AUDIT UNDER INCOME TAX ACT

MY QUESTION IS

1 FIRM ONLY GIVEN INTEREST AND PROFIT TO ITS PARTNER (THERE IS NO WORKING PARTNER)
THEN WHICH LAST DATE WILL BE APPLICABLE FOR FILING OF INCOME TAX RETURN FOR A.Y 2018-19
FOR PARTNER.(INDIVISUAL)
DUE DATE 31-8-2018 OR 30-09-2018 ????????

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

02 August 2018 Tax audit applicable to the firm, partner has to declare interest and profit of the firm in his return so due date of filing partner's return is 30/09/2018.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

03 August 2018 If Tax audit is applicable to firm than partner will have time till 30 th Sept otherwise they have to file 31st July which extends till 31st Aug.

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