Regarding partner
This query is : Resolved
24 March 2014
it is mandatory to file a return by a partner if the is total income is below exemption limit
CA Sourabh Agarwal
(Expert)
24 March 2014
No, it isn't required in your case.
25 March 2014
i have filed return as a partner in a firm in A.y. 12-13 because my total income is above exemption limit but in A.y. 13-14 my total income is below exemption limit so it is necessary to filled return in A.y 13-14
20 July 2025
Your question is about whether a partner in a firm must file an income tax return (ITR) when their total income is below the exemption limit.
Let’s clarify this in simple terms.
✅ Rule for Filing ITR – Partner in a Firm
The Income Tax Act specifies that any individual (including a partner in a firm) must file a return if:
Total income (before claiming deductions like 80C, 80D, etc.) exceeds the basic exemption limit:
For AY 2013-14, the limit was:
₹2,00,000 for individuals below 60
₹2,50,000 for senior citizens (60+)
₹5,00,000 for super senior citizens (80+)
If income is below exemption limit, filing is not mandatory — even for a partner.
📌 Specific to Your Case:
AY 2012–13: You had income above the exemption limit ⇒ ✅ Filing return was mandatory.
AY 2013–14: You had income below exemption limit ⇒ ❌ Not mandatory to file.
🧾 However, Filing May Still Be Beneficial If:
You want to claim a refund of TDS, if deducted.
You want to carry forward losses, if any.
You want to maintain a record of income (e.g., for visa, loans).
You want to comply voluntarily.
🧑⚖️ Summary:
Not mandatory to file a return for AY 2013–14 if your total income (before deductions) is below the basic exemption limit.
But you can file it voluntarily if needed.
Let’s clarify this in simple terms.
✅ Rule for Filing ITR – Partner in a Firm
The Income Tax Act specifies that any individual (including a partner in a firm) must file a return if:
Total income (before claiming deductions like 80C, 80D, etc.) exceeds the basic exemption limit:
For AY 2013-14, the limit was:
₹2,00,000 for individuals below 60
₹2,50,000 for senior citizens (60+)
₹5,00,000 for super senior citizens (80+)
If income is below exemption limit, filing is not mandatory — even for a partner.
📌 Specific to Your Case:
AY 2012–13: You had income above the exemption limit ⇒ ✅ Filing return was mandatory.
AY 2013–14: You had income below exemption limit ⇒ ❌ Not mandatory to file.
🧾 However, Filing May Still Be Beneficial If:
You want to claim a refund of TDS, if deducted.
You want to carry forward losses, if any.
You want to maintain a record of income (e.g., for visa, loans).
You want to comply voluntarily.
🧑⚖️ Summary:
Not mandatory to file a return for AY 2013–14 if your total income (before deductions) is below the basic exemption limit.
But you can file it voluntarily if needed.
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