03 May 2018
for 17-18 assessment year i filed a company return . the company has not yet commenced and there is no Profit and loss account . noe dept is asking me to rectify the return by filing P&L account. what is the solution
03 May 2018
Prepare a P&L account and charge 1/5th of company formation expenses as preliminary expenses. Then revise the return with P&L otherwise return will not be accepted.
03 May 2018
file ITR6 giving all the necessary details. itr 6 has all the necessary columns.. if company has not commenced any business, it doesnt mean you dont have to give figurres in ITR6.
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