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Llp partner ITR

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110 Points Posted on 08 January 2021
Is it mandatory for a designated partner of a LLP to file Income tax return if his Income does not exceed basic exemption limit?
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On 08 January 2021 at 13:31 Report
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Chartered Accountant
24588 Points Posted on 08 January 2021
If income doesn't exceed basic exemption limit then there is no required to file income tax return but if he is designated partner then he should file nil return if he his income is less than basic exemption limit
129 Reply
On 08 January 2021 at 14:01
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17264 Points Posted on 08 January 2021
Otherwise also better to file Return by LLP partner irrespective of designated or not.
101 Reply
On 08 January 2021 at 14:22


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