Return filing

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Articled assistant
146 Points Joined January 2017
If a partner of a firm has only share of profit from firm as his total income which is less than his basic exemption limit, is he required to file return of income?
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On 08 December 2020 at 00:41 Report
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Tax consultant
5895 Points Joined September 2020
Yes he will
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On 08 December 2020 at 00:54
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Accountant
3662 Points Joined May 2018
Not required to file ITR if partner income below Basic Exemption Limit
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On 08 December 2020 at 08:06
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Tax consultant
5895 Points Joined September 2020

In some cases it is mandatory to file ITR even if you're gross total income does not exceed the basis exemption limit

And being a partner he have to

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On 08 December 2020 at 09:23


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