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.

(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.


14 July 2023 Put some Rs 10 as turnover and put actual expenses and file loss return.

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

15 July 2023 You are welcome...
...


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