Itr 5
This query is : Resolved
15 March 2018
Hello
While filing ITR 5 AY 2017-18 for a partnership firm having Gross rceipt up to Rs. 110000 and Net Loss is 30000.
Is there requirement to fill all details in balance sheet and P& L A/c of ITR 5 or just Cash Balance, Debtors & Creditors, Gross Receipt and Net Loss will be sufficient?
Please guide.
Thank you
While filing ITR 5 AY 2017-18 for a partnership firm having Gross rceipt up to Rs. 110000 and Net Loss is 30000.
Is there requirement to fill all details in balance sheet and P& L A/c of ITR 5 or just Cash Balance, Debtors & Creditors, Gross Receipt and Net Loss will be sufficient?
Please guide.
Thank you
15 March 2018
No all the details are required to be submitted as the profit is less than 8% of the T.O. Also Audit liability u/s 44AD also arises as per amendment in section 44 for computing Net Profit for Partnership Firm.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Rent lease agreement
- Relief u/s Section 89
- Nomination of Bank for refund in itr 2
- E way bill for tractors
- SGST balance is there in credit ledger how to adjust for cgst
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
