Queries of partners distribution

187 views 3 replies
Dear Sir/mam,

a partnership firm started in jan 2019, turnover = 0, in F.Y. 18-19, which itr form should I select?

how much remuneration can be given to partners ?

Can I carry forward losses?

thank you.
Replies (3)
You have to file ITR 5 Return for F Y 2018-19.But Regarding Remuneration you give as partnership deed Clause to the partners .
Remuneration as per Partnership Deed
Caary forward of Loss possible only if return filed before 31st August 2019
ITR 5 be filed
good clarification and information


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