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Partnership firm ITR query
Dear Expert, one of our client is a Partnership Firm that obtained its GST number in the financial year 2023-24. However, there has been no transaction in it so far, and the turnover under GST is 0. Do we still need to file ITR for the Partnership Firm?
Replies (2)
As per my opinion you have to file IT return , because As per section 139(1) second proviso of the Income tax act 1961( please refer) filing of income tax return is Compulsory to firm irrespective of income or loss .
Take more Opinion as well.
Return filing is compulsory for a partnership firm even with a nil turnover.
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