03 April 2009
one of our client is starting a company. i heard that the name of the company bears the name as "INDIA" OR "HINDUSTHAN", the authorised capital will be less. can anyone please mail the details of the above features. Very urgent. the propsed company will be a private limited co.
03 April 2009
no it is not compulsary... u need to file return for companies, firms, university college...if any income is there for others...if without giving exemption u/s 10 income is more than exemption limit for individual and huf u need to see non agri. income
03 April 2009
No its not compulsory. But its better to file the return with IT else they may send notice regarding non filing of return. Then you may have to inform the AO regarding the issue. Hence better to file it.