Regarding loss return of partnership firm


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Querist : Anonymous

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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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