05 July 2022
Sir, I am a partner in a partnershipfirm. The firm is getting rental income and interest on Fixed deposits kept in the name of the firm.The firm is not having any business income. I have been filing returns through ITR5 in all the previous years declaring the income through rent and interest on fixed deposits. This year( A.Y.2022-23), I have not been able to file the returns through ITR5 because of one issue: the ITR is asking me fill details in Balance sheet and profit and loss a/c in ITR5 form. This issue was not there in the ITR5 of the previous year/s. In the ITR5 of the previous year, there was no need to fill any details in Balance sheet and Profit and loss a/c and I was able to file the ITR5. This year, there is this issue. Kindly advise. Thanks and Regards
CAclubindia
