Applicability of AY

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10 Points Posted on 09 November 2020
Firm started on 22-01-2019. Wheather it has to file the return for the AY 19-20 too. or Only AY 20-21 including jan, feb & mar 2019.?

Thank you..
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On 09 November 2020 at 12:41 Report
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This discussion clarifies the tax return filing obligations for a firm established on 22nd January 2019. It addresses whether returns are required for AY 19-20 or only AY 20-21. The consensus is that the firm needs to file for AY 20-21, covering the period up to March 2019, and also for AY 19-20, considering the concept of the previous financial year.

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Accountant
3662 Points Posted on 09 November 2020
Not required to file ITR for A.Y. 19-20

You need to file ITR for A.Y. 20-21
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On 09 November 2020 at 12:49
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10 Points Posted on 09 November 2020
Thank you 😊 ಧನ್ಯವಾದಗಳು
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On 09 November 2020 at 12:50
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Accountant
3662 Points Posted on 09 November 2020
Welcome Mr Kishanrao
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On 09 November 2020 at 13:46
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53 Points Posted on 11 November 2020
Firm has to file for AY2019-2020. Refer Previous Year Concept and related law.
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On 11 November 2020 at 15:43

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