Nil company it tax return
This query is : Resolved
16 September 2012
Is there any penalty or any charge for Non-filing of IT NIL tax return of a Private Limited Company for the FY 2009 - 2010 & FY 2010 - 2011??
16 September 2012
Corporate assessee's has to compulsorily file income tax return as per section 139(1) of the Income tax Act,1961. Failure attracts penalty of Rs.5,000/- as per section 271F of the said act.
16 September 2012
Yes Company are compulsory required to file even NIL Returns.
16 September 2012
But my Question is that IS THERE ANY PENALTY FOR NON - FILING OF SUCH NIL TAX RETURN??
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