Whether is it mandatory for partnership firm to file income tax return even if it has made loss and does not want to carry forward the same as there is no possibility of earning profit next year also and the business is shut down next year?(before AY 2008.
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Loss return of firm
Replies (3)
From A.Y 2006-07 it mandatory for partnership firm to file income tax return even if it has made loss or profit.
Regards
Puneet Mittal
if that partnership firm is not covered u/s 44AB then it is not mandatory to file loss return of the firm
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