Itr for firms
This query is : Resolved
21 August 2016
Is filing ITR for partnership firm is compulsory even if having zero turnover.
22 August 2016
It is advisable to file ITR in such cases.
22 August 2016
Profit or loss is the criteria and not turnover. Please see 3rd proviso to section 139(1).
25 August 2016
Thanks sir,
But which form should be used for nil return ITR 4S or ITR 5
But which form should be used for nil return ITR 4S or ITR 5
25 August 2016
you can use itr 5 for firms
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