ITR - 5 With No Turnover

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This discussion addresses how a partnership firm with a GST number can file its Income Tax Return (ITR-5) for the financial year 2022-23 when there was no sale or turnover. The advice provided suggests reporting a nominal turnover (e.g., Rs 10) and then declaring the actual expenses incurred, allowing for the filing of a loss return.

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(Querist)
14 July 2023 One of my Client which is a Partnership Firm and GST Number also. For the Financial Year 2022-23 there is no sale in GST. Now how to file the ITR - 5 without any Sale, Its only having some expenses.Please let me know the Procedure.

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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
14 July 2023 Put some Rs 10 as turnover and put actual expenses and file loss return.
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sanjoy saha

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sanjoy saha (Querist)
15 July 2023 Thanks for the Information Sir....
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
15 July 2023 You are welcome...
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