A firm not file itr f. Y. 2019-20 due to no profit & no business in this year, PAN card taken in Oct 2019
Is it OK or income tax department will take action
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ITR FOR Firm filing
Replies (5)
Quick Summary
Whether profit or loss if it is a partnership firm then it has to file return. and you have PAN card as well. which allows to register in income tax site and filing return.
Partnership firm mandatorily required to file income tax return, even in case there is no business.
Filing ITR is compulsory
My old I.t.r photo
It is mandatory for every partnership firm to file the return of income irrespective of amount of income or loss.
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