banner_ad

Working partners return filing requirement

223 views 5 replies
User Avatar

29 Points Posted on 11 December 2020
Is it mandatory to file ITR for the working partners of a newly incorporated partnership firm which did not provide any remuneration or interest to partners and partners have no any other income from other sources.
Reply Share Follow
On 11 December 2020 at 15:20 Report
Replies (5)
User Avatar

Tax consultant
5895 Points Posted on 11 December 2020
If you're partnership firm getting audit for it
then better to file
57 Reply
On 11 December 2020 at 16:46
User Avatar

29 Points Posted on 11 December 2020
Partnership firm is not required to audit as turnover is less than limit and firm is just 3 months of operation during the F. Y 2019-20.In such case is it mandatory for working partners to file return?
Reply
On 11 December 2020 at 17:36
User Avatar

Tax consultant
5895 Points Posted on 11 December 2020

Not mandatory to file

But in my opinion it's better to file return even if nil also and it's better to file partnership firm return too 

57 Reply
On 11 December 2020 at 18:15
User Avatar

29 Points Posted on 11 December 2020
Okk.. thank you..
Reply
On 11 December 2020 at 19:30
User Avatar

Accountant
3662 Points Posted on 11 December 2020
Not required to file ITR if your income below Basic Exemption Limit

In your case, not required
9 Reply
On 11 December 2020 at 21:11


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details