One client registered their partnership firm last year but not started any business or business with very minimum output but got pan card under partnership business name.kindly suggest while filing itr 5 for fy 2022-23 ay 2023-24 with zero turnover and zero profit whether partnership firm need to do tax audit for zero turnover or not.Just filing of itr 5 with zero value is sufficient to do compliance only.
CAclubindia
