Partnership is liable for tax audit and return of partnership firm will be filed in the month of November 2020. But partner already paid heavy advance tax so he want to file his return now can he file so with interest and remuneration amount which is already fixed. Can he file itr3 without mentioning capital balance and share profit. And later on after firm's return is filed he will revise the return with share in profit and capital balance. Can he do so?? can he get refund of advance tax paid without defects in return.
please guide me
Menu
ITR3 for Partner
Replies (2)
If you can prepare the balance sheet and p&l of firm then it would be great and use that figure
else you can revise return later within due date
else you can revise return later within due date
Amish maknojia sir actually problem is tax audit of firm is with another CA and he will not file TAR and ITR till November. Partners want refund of excess advance tax paid thats why sir.... thanks sir for your advise. i will later revise return with share in profit and capital balance
Recent Topic
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
Related Topics
CAclubindia
