Regarding loss return of partnership firm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 August 2015
partnership firm was incorporated in 2014-15. There were no sale and purchase in F.Y.2014-15 but only general expenses like legal exp., general exp. So I want to know how return is to be filed? As per 44AD no loss can be c/f. so whether unaudited return can be filed???
23 August 2015
Yes. Return is to be filed to avoid penalty U/s271F. Nil return with balance sheet figures.
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