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Is it mandatory to file balance sheet?

As a part of Annual e-Filing, Companies incorporated under the Companies Act, 1956 are required to efile the following documents with the Registrar of Companies (RoC): Balance-Sheet: Form 23AC to be filed by all Companies*

Do I need to file a tax return for a partnership with no activity?

Filing Requirements for an LLC Partnership Thus, an LLC with no business activity that is taxed as a partnership is not required to file a partnership tax return unless there are expenses or credits that the LLC wants to claim.

Who is not required to file a balance sheet with the tax return?

The IRS wants to see that the balance sheet included with Form 1120 agrees with the corporations books and records. Small corporationsthose with total receipts and total assets less than $250,000 at the end of the yearare not required to complete the balance sheet in the tax return.

Is balance sheet compulsory for ITR?

Is filing of Balance sheet mandatory? Balance sheet should be mandatorily filed by all persons for filing ITR 7. Please fill up the details of the Balance Sheet items as on 31st March, 2022, mentioning the details of Sources of funds and application of funds.

Is it mandatory for partners to file income tax return?

Yes, it is mandatory for every partnership firm to file the return of income irrespective of amount of income or loss.

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