Mandatory partnership return filing applies regardless of income or loss, with due dates determined by audit and transfer-pricing obligations. Section 263(1) requires every partnership firm and limited liability partnership to file a return for each relevant tax year irrespective of income or ... Summary
Mandatory partnership return filing applies regardless of income or loss, with due dates determined by audit and transfer-pricing obligations.
Section 263(1) requires every partnership firm and limited liability partnership to file a return for each relevant tax year irrespective of income or loss. Form ITR-5 generally applies, with Form ITR-4 (SUGAM) available to eligible resident firms using presumptive taxation. Filing due dates vary according to the residual category, audit requirement and transfer-pricing reporting. A firm's return does not replace each partner's separate obligation to assess and file an individual return where required.
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