ITR Need to file or not?
This query is : Resolved
Akash Ratandhara
(Querist)
16 March 2023
One of my client (partnership firm) applied for the pan & received on 23/03/2022 so I want to ask whether they need to file return for the same as a updated return or not required to file the return as there is no business in that 7 days period and actually business commence from 30/04/2022 means next financial year. should I file return for F.y.2021-2022 of that partnership firm or not?
CA R SEETHARAMAN
(Expert)
16 March 2023
As there is no taxable income updated return can't be filed.
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