Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Partnership Firm ( Return form in Case Income Zero )

245 views

Save Share

Join Us Follow Us Add as Source

Ravi SADhiyan

Practice

4510 Points Posted on 17 December 2020

Which form is required in case of Partnership firm return

Income for the F.Y. 2019-20 is Zero

Replies (2)

Quick Summary

If your partnership firm has zero income for the financial year 2019-20, you still need to file a tax return. There isn't a separate ITR form specifically for zero-income cases. You must use ITR-5 for filing your partnership firm's return, regardless of the income level.