ITR 3 for partners

is it compulsory to prepare balance sheet and profit and loss account while filing itr 3 for partners
Replies (5)
Quick Summary
This discussion clarifies whether a balance sheet and profit and loss account are mandatory when filing ITR 3 for partners. While not always compulsory, preparing these financial statements is recommended, especially if the firm is audited. It ensures a fair financial record, though the decision ultimately rests with the individual partner.

No......
Yes if audited
if firm is audited then it's better to show balance sheet of partners
non audit case in my opinion balance sheet is good to keep a fair record
but it's depends upon person if they want to show the financial statement others wise not
Thanks a lot
First you have got to know what is itr 3.
Who can file itr 3?
partners in partnership firm..
No ,....

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