I would like to know, if filing ITR mandatory for LLP if there is Nil Turnover declared in GST Returns?
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Quick Summary
This discussion clarifies whether a Limited Liability Partnership (LLP) must file an Income Tax Return (ITR) even if it has declared nil turnover in its GST returns. The consensus is that filing an ITR remains mandatory for LLPs regardless of their declared turnover.
LLP must file ITR even with nil turnover: • Every LLP (and firm) must file an income-tax return (ITR-5) irrespective of income or loss (Sec 139(1) second proviso: firms and companies must file regardless of income). • Nil GST turnover doesn't remove the obligation. Also, LLP Forms 8 and 11 are required annually.
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