ITR 3 for partners
Yogesh Gupta (143 Points)
20 December 2020
is it compulsory to prepare balance sheet and profit and loss account while filing itr 3 for partners
5 Replies
ayusmita
(Tax consultant)
(5885 Points)
Replied 20 December 2020
Yes if audited
if firm is audited then it's better to show balance sheet of partners
non audit case in my opinion balance sheet is good to keep a fair record
but it's depends upon person if they want to show the financial statement others wise not
if firm is audited then it's better to show balance sheet of partners
non audit case in my opinion balance sheet is good to keep a fair record
but it's depends upon person if they want to show the financial statement others wise not
sabyasachi mukherjee
(27609 Points)
Replied 21 December 2020
First you have got to know what is itr 3.
Who can file itr 3?
partners in partnership firm..
Who can file itr 3?
partners in partnership firm..
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