REGARDING UPDATED INCOME TAX RETURN
This query is : Resolved
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Suresh S. Tejwani
(Querist)
30 May 2023
WHEHER ITR 5 ( PARTNERSHIP FIRM) HAVING LOSS CAN BE FILLED OF F.Y.2021-22 UNDER UPDATED RETURN SCHEME?
CA R SEETHARAMAN
(Expert)
30 May 2023
No, only in case of taxable income with payment of taxes it can be filed.
Try condonation under section 119(2)(b).
Try condonation under section 119(2)(b).
Suresh S. Tejwani
(Querist)
31 May 2023
WHAT IF WE DO NOT SHOW LOSS AND RETURN FILLED WITH 0 INCOME ?
CA R SEETHARAMAN
(Expert)
31 May 2023
No problem, only loss can't be carried forward and set off.
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