is it compulsory for partnership firm to file income tax return?but I know a partnership firm not filing Income tax return for last 10 years..they have gst registration also...pls reply...thanks in advance
Replies (3)
Quick Summary
This discussion clarifies that it is indeed mandatory for partnership firms to file income tax returns in the UK. While one firm has avoided filing for 10 years without repercussions, this is highlighted as fortunate rather than the norm. It's emphasised that non-compliance can lead to future issues, even with GST registration.
Guest
Posted on 20 October 2022
Yes it is mandatory for partnership firms to file IT returns.