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Queries of partners distribution

Others 240 views 3 replies

Chirag Dalal

8 Points Posted on 10 August 2019

Dear Sir/mam,

a partnership firm started in jan 2019, turnover = 0, in F.Y. 18-19, which itr form should I select?

how much remuneration can be given to partners ?

Can I carry forward losses?

thank you.

Replies (3)

MEENA VIVEK

264 Points Posted on 11 August 2019

You have to file ITR 5 Return for F Y 2018-19.But Regarding Remuneration you give as partnership deed Clause to the partners .

Kapadia Pravin

17264 Points Posted on 11 August 2019

Remuneration as per Partnership Deed
Caary forward of Loss possible only if return filed before 31st August 2019
ITR 5 be filed

subhagan sreerangam

7059 Points Posted on 11 August 2019

good clarification and information

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