14 July 2012
THE FIRM DOES NOT HAVE ANY INCOME BUT LOSSS. IN SCHEDULE S1 GET QUERY SECTION CODE IN SCH S1 IS COMPULSORY. WHAT TO DO. NO POSITIVE INCOME.HOW TO FILL SCHEDULE S1.
15 July 2012
The Section Code is required when you are having certain special income like U/s 111A or 112. Even if you are having losses under the specified codes you can fill up the relevant Section Code. . Please recheck, whether you have wrongly filled up losses in any of the fields of special income. Hope you will get solution. .
CAclubindia
