Filing of return of income of pvt ltd., coy-reg

This query is : Open

A.Dhilipkumar (Querist)
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04 January 2010 Respected sir,

I would like to know the compliance in the Companies Act, 1956 :

A pvt. ltd coy incorporated and does not done single transactions. But filed "Nil" return of income for the First year.
But in the Second year whether Pvt. ltd., coy can file "Nil" return of income if it is not possible, what is the consequences.

I request the experts to give their views related to the above issue and give me better suggestions.

Thanking you

with regards
dhilipkumar a.

Bhavesh

Bhavesh (Expert)
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04 January 2010 You have asked abt the Companies Act compliances but the actual query is about the income taxa act.

The answer is that you can file a NIL return of income even for the second year if there are no transactions.