Return filing

199 views 3 replies
User Avatar

Articled assistant
146 Points Joined January 2017
If a partner of a firm has only share of profit from firm as his total income which is less than his basic exemption limit, is he required to file return of income?
0 Reply Share Follow
On 08 December 2020 at 00:41 Report
Replies (3)
User Avatar

Tax consultant
5895 Points Joined September 2020
Yes he will
Reply
On 08 December 2020 at 00:54
User Avatar

Accountant
3662 Points Joined May 2018
Not required to file ITR if partner income below Basic Exemption Limit
Reply
On 08 December 2020 at 08:06
User Avatar

Tax consultant
5895 Points Joined September 2020

In some cases it is mandatory to file ITR even if you're gross total income does not exceed the basis exemption limit

And being a partner he have to

Reply
On 08 December 2020 at 09:23


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading