19 January 2022
A partnership Firm has been filing ITR 4 under presumption income scheme till FY 2020-21. Now in FY 2021-22 it has not done any business and is not likely to do so in the financial year 2021-22, So its income will be NIL. Will it still be required to file its tax Return for AY 2022-23? As it may get some business in future, it does not want to surrender its PAN card.
20 January 2022
ok, but can we file ITR 3 instead of ITR 4 showing loss in A.Y 2022-23 with out audit, since there is no income but fixed expenses to the extent of 50000/- are still incurred.
CAclubindia
