Llp taxation issue
This query is : Resolved
25 June 2014
A LLP has a incorporation certificate dated February 2014, though they do not have any turnover, the do have some preliminary expenses and some business expenses. Should they file their IT returns for March 2014 to carry forward? A CS suggested they don't have to file returns. Is that true? Can someone shed some light on this matter?
Nikhil Kaushik
(Expert)
26 June 2014
it is compulsory for a LLP to file returns irrespective of whether it was incorporated in Feb 2014 or 31 march 2014....
section 139 makes it mandatory for firms to file tax returns every year
section 139 makes it mandatory for firms to file tax returns every year
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Rupesh Jain
(Expert)
26 June 2014
as per income tax act every partner ship firm it is registered or not they have to file return income tax every year.
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