Two LLP are there.
1. ABC LLP (Partner Kumar & Partner XYZ)
2. XYZ LLP (Partner Vishnu & Partner Kumar)
XYZ LLP earned 5 lakhs profit in 19-20, but all income and expenses in XYZ LLP are received/spent with ABC LLP bank account. From ABC LLP bank account, Partner Vishnu received the profits of his share with XYZ LLP.
Now, how the partner Vishnu will file his personal ITR for the FY19-20? Please guide
(New to tax filling, sorry if the question is dumb)
CAclubindia
