ITR filling in case of conversion to private ltd company

[Jaya Sinha]

Partnership conversion to Pvt ltd company during the previous year. Do I need to file separate ITR for partnership and company in the relevant A.Y before and after conversion?

AI Summary

Separate ITRs Required for Partnership and Pvt Ltd Post-Conversion in Same Financial Year A user inquired about the requirement for filing separate Income Tax Returns (ITR) when a partnership converts to a private limited company within the same financial year. The response confirmed that it is necessary to file separate ITRs for the partnership and the private limited company for the assessment year relevant to the periods before and after the conversion.