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Partnership firm
Sir, My brother started business of surgical items as a partnership firm in the month of sep- 13. During the F.y 2013-14, firm was in a loss. So its compulsory to file income Tax Return for its firm? whats the due date? How much taxes for partnership firm ? It would be comes in Tax Audit ? kindly suggest. Partnership firm can file itr 4 s...
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If the firms' s profit before intt and salary to partners' is less than 8% of the total receipt than firm should get its accounts audit u/s 44AB and for audited case the last to file the income tax return is 10 September otherwise it is 31st July in my opinion you should get your accounts audited and carry forward the loss to next year with file of income tax return before 30 sep
Further the last date for filing of income tax return for it return for audited case is 30 sep which was wrongly written as 10 sep.
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