New Partnership Formed
This query is : Resolved
24 March 2021
A new partnership firm was created during Nov.2019. Till 31.03.20, no any sales were made. Only purchases and various preliminary expenses were incurred. May I file ITR 4 of the firm ? If not, preliminary expenses to be shown in which head ?
24 March 2021
Income tax return filing is mandatory for partnership ship firm irrespective of business done or not.
24 March 2021
May I File ITR 4 ?
24 March 2021
Income tax Return filing is mandatory for Partnership firms.
ITR 5 should be filed.
ITR 4 is for individuals, HUF and Firms if they are reporting their income u/s 44AD/AADA/44AE
ITR 5 should be filed.
ITR 4 is for individuals, HUF and Firms if they are reporting their income u/s 44AD/AADA/44AE
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Income Type for interest from government bonds
- TCS ON SOFTWARE SALES
- Not a CA , can we prepare balance sheet
- Valuation of diamonds as on 01.04.2001
- What is meaning of merging of expenses or income in accounts
- Accounting treatment of write off sundry debtors
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- GST RCM not shown in GSTR-3B
- Bill from Dispatched from issue.
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
