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Working partners return filing requirement
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.
Replies (5)
Quick Summary
If you're partnership firm getting audit for it
then better to file
then better to file
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?
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
Okk.. thank you..
Not required to file ITR if your income below Basic Exemption Limit
In your case, not required
In your case, not required
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