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Return filing

This query is : Resolved 

Querist : Anonymous


Querist : Anonymous (Querist)
can a partnership firm that started its business in dec 2010 file its return (ITR V) for the assessment year 2011-2012 in hard copy and not online after the due date for filing of the return under section 139(4) if it has losses ?


If the firm had losses then it cannot now claim the losses as the Return of Loss should be filed upto due date only.

Nevertheless you still have to file your return. You can file u/s 44AD and then you can also submit it in hardcopy.


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