Whether Tax Audit Required If No Business Conduct By Partnership Firm

Dear All Member Kindly give me answer of below mentioned Details

1- Whether Tax Audit Required if No Business Conduct during the F.Y. 2019-20

2- Which ITR Required for Partnership Firm

Replies (2)
Quick Summary
This discussion clarifies whether a tax audit under Section 44AB of the Income Tax Act, 1961, is necessary for a partnership firm that did not conduct any business during the financial year 2019-20. The consensus is that no tax audit is required in such cases. Additionally, it confirms that Partnership Firms and LLPs must file their returns using ITR 5.

1) No

2) ITR 5
(1). No Tax Audit U/s 44AB of the Income Tax Act 1961 required if no business was conducted.

(2). Partnership Firms / LLP's are required to file ITR 5.

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