Return under 44AD by a partnership firm having loss

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..... Whether a partnership firm can file return U/S 44AD for AY 2017.18 with a business turnover of ₹ 90 lakh and loss of ₹ 10000,without getting accounts audited under section 44 AB ..after .....

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..... paying interest on capital to partners and remuneration as per partnership deed.. section 44AD(2) prohibits deductions under section 30 to 38 but not under section 40 (b) ...the income in this ca .....

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..... se is below the maximum amount which is not taxable... - Reply By Kishan Barai - The Reply = In partnership firm, separate returns have to be filed by firm and partners, even if there is loss nil r .....

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..... eturn has to be filed. - Reply By Nandan Khambete - The Reply = Yes.Partnership firm can file U/s 44AD even if actual loss is ₹ 10,000/-. This will avoid denial of 44AD exemption in subseq .....

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..... uent years due to discontinuing of 44AD benefit. - Return under 44AD by a partnership firm having loss - Query Started By: - sanjeev agrawal Dated:- 30-7-2017 Income Tax - Got 2 Replies - Income .....

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..... Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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