It return

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

30 January 2018 Hi friends, one of my friend started partnership firm on 01/03/2017 but it starts operations in may 2018
My doubt was firm will file return for FY 16-17 please help me
Location; Guwahati
Thank you

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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30 January 2018 You can prepare financial from March 2017 to MARCH 2018, first financial can be prepared more than 12 months. you can file Return next year I.e 2017-18

Ravi

Ravi (Querist)
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30 January 2018 it means ay 18-19

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KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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31 January 2018 Yes FY 2017-18 and Ay 2018-19

Z (Expert)
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31 January 2018 @KAVIRAJA SIr,
Why is it not mandatory in this case to file the return for A.Y. 17-18?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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31 January 2018 Income tax return has to be filed for Financial year 2016-17. Inference - section 3
and 139(1)(a).

Ravi

Ravi (Querist)
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31 January 2018 there is no operations in March 2017 only partnership deed commenced, operations started in may 2017 my doubt was FY 16-17 return should be filled or not if return will be filled, which return was used

Ravi

Ravi (Querist)
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01 February 2018 sir I can't saw sec 139(1)(a) in ITR form 4, how can I file this sec through form ITR 4

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