Nil return for partnership firm

This discussion addresses whether a nil Income Tax Return (ITR) needs to be filed for a partnership firm that ceased operations in November 2019. Despite the firm's PAN card being surrendered in January 2021, questions arise about filing for FY 2020-2021. The consensus is that if the PAN was still active and there were no financial transactions during the year, a nil return with zero entries is permissible and advisable to avoid issues.