IT return on NIL income
This query is : Resolved
07 September 2009
Hi All. I have one query.
Company X has registerd with ROC in April 2008 , but business has not commenced till date.Only preliminery expenditure was incurred. Now promoter wants to wind up the company. whether income tax retun should be filed for P/Y 2008-09 for Nil income? can anyone please clarify this with sections of It and case laws?
Company X has registerd with ROC in April 2008 , but business has not commenced till date.Only preliminery expenditure was incurred. Now promoter wants to wind up the company. whether income tax retun should be filed for P/Y 2008-09 for Nil income? can anyone please clarify this with sections of It and case laws?
07 September 2009
Company is assessee once it comes to existance. in your case there is no assessee so there is no Q of filing return
07 September 2009
Winding up of the company,in the given situation, is possible under section 560 of the Companies act,1956. Along with the application, among other documents,the company has to file 'no liability certificate' from income tax department for which a NIL return for the assessment year 2009-10 has to be filed with the Income tax department.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- GST Regis.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Tds on building rent monthly
- Disallowance of Section 43B(h) to sez units
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
