Income Tax Return of Pvt Ltd Company

This query is : Resolved 

23 December 2008 Company "A Pvt. Ltd." has been incorporated on 27.08.2007, there was no business in the company up to 31.03.2008.
Is the company liable to file income tax return for the F Y 2007-08?
If yes the last date was 30.09.2008, & the date already past, now we should file return in normal way or after payment of penalty?
Is the company laible for Tax audit u/s 44AB?

23 December 2008 Liable to file return.
File in normal way.
Not liable for 44AB audit.

23 December 2008 Yes, For Company and Firms it is mandatory to file ITR.


23 December 2008 CO.TO FILE RETURN COMPULSARILY.
TAX AUDIT U/S 44AB NOT APPLICABLE AS T/O OF SALES IS BELOW 40 LKHS
HOW EVER STATUTORY AUDIT UNDER CO ACT IS COMPULSARY
CHANDRAKANT AMBANI
9819408963 / 9821240674



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