a partnership farm incorporation on 22.04.2009 and desolved on 5.12.2009 profit of the firm 25324/-, S,TAx payble 63000/-, cash 146000/-, capital (PArtners)92000/-, TDS Recoverable 9000/-, . My question is 1. the procedure of I.TAx return 2010 2. any I. tax obligation 3. how they can filled p/l b/s , because after desolution the balansheet is NIL 4. after 2010, next yeari. tax return file requre or not kindly tell me. thanking you debasish
09 October 2010
1.IT return will be filed for PFAS for A.Y 2010-11. 2. Yes tax is payable on profit. 3. P/L is to be prepared and BS can be nil. 4. Return not required for next year.
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