Partnership firm having no transaction and no bank account

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CA KHUSHBU PATEL (Querist)
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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?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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01 August 2022 When was PAN obtained?

CA KHUSHBU PATEL

CA KHUSHBU PATEL (Querist)
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01 August 2022 Pan obtained in March 2022

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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01 August 2022 In that case, no excuse; nil return needs to be filed.

CA KHUSHBU PATEL

CA KHUSHBU PATEL (Querist)
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01 August 2022 But sir without bank account how can I file?

Dhirajlal Rambhia

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

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CA KHUSHBU PATEL

CA KHUSHBU PATEL (Querist)
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01 August 2022 Will late fees be applicable?

Dhirajlal Rambhia

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

CA KHUSHBU PATEL

CA KHUSHBU PATEL (Querist)
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01 August 2022 Thank you very much sir

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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01 August 2022 You are welcome...
.... Good Luck ...

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Partnership firm having no transaction and no bank account

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