Return file for partnership fiem

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16 Points Posted on 31 March 2021

Can I file nil return for FY 2019-20 without the firm being audited, if the firm have turnover of 58 lakhs?

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On 31 March 2021 at 22:09 Report
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This discussion addresses whether a partnership firm with a turnover of 58 lakhs can file a nil return for FY 2019-20. While a tax audit might not be mandatory, filing a return is. The conversation clarifies that filing the return for FY 2019-20 after the 31st March deadline is not possible, and unfortunately, there's little that can be done at this point.

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ArticleShip
393 Points Posted on 31 March 2021
Not mandatory
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On 31 March 2021 at 23:19
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16 Points Posted on 31 March 2021

Is it not mandatory to file return?

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On 31 March 2021 at 23:33
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ArticleShip
393 Points Posted on 31 March 2021

I mean tax audit is not mandatory, chk 44AB

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On 31 March 2021 at 23:45
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17269 Points Posted on 01 April 2021
There is no audit requirement but return filing is mandatory for Firm - partnership firm and proprietory firm.
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On 01 April 2021 at 02:02
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16 Points Posted on 01 April 2021

Thanks for your valuable replies.

Can I file the return of FY2019-20 TODAY i.e. 01/04/2021m

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On 01 April 2021 at 11:37
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17269 Points Posted on 01 April 2021

Can not file today. 31st March was last date

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On 01 April 2021 at 11:51
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16 Points Posted on 01 April 2021

Sir, what can I do now?

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On 01 April 2021 at 12:15
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17269 Points Posted on 01 April 2021

You can not do anything now. Relax 

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On 01 April 2021 at 13:08

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