Query related to income tax rerurn

ITR 199 views 5 replies

A PARTNERSHIP FIRM WAS INCORPORATED LAST YEAR FOR PURCHASE AND SALE OF IMMOVABLE PROPERTY HAVING NO BANK ACCOUNTS.

SINCE, HAVING NO TRANSACTIONS IN THE PREVIOUS YEAR, THE FIRM HAS TO FILE NIL RETURN IN A.Y. 2018-19.

SO, WHETHER THE BANK ACCOUNT DEATIALS ARE COMPULSORY OR NOT FOR FILING THE RETURN??

Replies (5)

COMPULSORY TO PUT ALTEAST ONE BANK ACCOUNT 

Bank Account Details is Compulsory for filing ITR.
the firm has to compolsorily file it's income tax return and with a valid bank account number.
You dont need to file return for A.Y 2018-19. Return filling is not mandatory since there was no transaction.
deduction of mess band 250 in airforce from total income .where it is to be shown while filing ITR


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