I have constitued a partnership firm but due to some dispute there is no business for the firm and as per IT Act the return for the Year 2015-16 & 2016-17 is to be filed. As there are no transaction in the Firm wether it is necessary to maintain books of accounts for filing Income Tax Return?
Thanking You.
Unless income declared under 'No accounts Case"; maintaining accounts is mandatory and to be kept in records; even though no documents are attached while filing return.
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
View Details
Boutique Investment Bank & Transaction Advisory Firm
Gurgaon
CA
View Details
Triveni Turbine Limited
Bengaluru
CA
View Details
CAclubindia
