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

25 August 2016 you can use itr 5 for firms


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