Itr filling ay 18-19

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Dear Experts,

Since I am going to file ITR of a partner in a non audited firm, I have selected code 00001 under nature of business, a warning arises that a notice may be served for non filling of figure of balance sheet and profit and loss account. Is it mandatory to file balance sheet and P&L for the same catagory of partner??  If  I submit the return without filling of requisite information, what would be happened?

Replies (2)
Nothing will happen.
Go ahead.
File ITR 3.
But see that share of profits is shown properly in 10A tab/sheet.
Also show the partners remuneration, interest on capital, percentage share of profits, closing capital balance and PAN of firm.
That is a must.

depends on 44AA application. check that first.


CCI Pro

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