New Company Formed in Jan 2010

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Rakesh Parik (Querist)
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16 March 2011 Dear all

Under the Companies Act the first accounts can be of 15 months hence if a company is formed in January 2010 we can file the AR and BS upto March 2011. But in respect of the Income tax , do we need to file the IT Return for the March 2010.
if i file IT return for March 2010 and dont file with ROC for March 2010 is it ok.

Shall i directly file IT return and Companies act return both for March 2011.

Please provide calrification

Abhishek

Abhishek (Expert)
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17 March 2011 yes you will need to file returns for the period from January 2010 to March 31, 2010 - Infact you will have to prepare 3 months accounts and attach the same with returns...