Requirment of income tax return
This query is : Resolved
18 January 2013
If a partnership firm is in loss, is required to file income tax return for the ay 2011-12.
18 January 2013
Need not to file,because there is no taxable income so no evoiding of tax. But firm loose the benefit of carry forward of loss and set-off.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
18 January 2013
If such firm is liable for tax audit u/s44AB then should be required to file.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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