Partnership firm having no transaction and no bank account

This query is : Resolved 

01 August 2022 Urgent
partnership firm incorporated in march ending 2022
bank account opened in may 2022
there were no transactions in F.Y. 2021-22
do i need to file nil return?

01 August 2022 When was PAN obtained?

01 August 2022 Pan obtained in March 2022

01 August 2022 In that case, no excuse; nil return needs to be filed.

01 August 2022 But sir without bank account how can I file?

01 August 2022 You may declare bank account no,. which is obtained in May; with nil balance.

01 August 2022 Will late fees be applicable?

01 August 2022 As there was no income, no late fee applicable. Even loss, if any cannot be carry forwarded.

01 August 2022 Thank you very much sir

01 August 2022 You are welcome...
.... Good Luck ...


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