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Income tax return of new company

Rahul Jain (Accountant) (316 Points)

22 July 2013

A private limited company was incorporated on 27th February,2013.For the Financial Year 2012-2013, it had no transaction except Director's Initial subscripttion to Share capital of the company.Bank account was opened in April 2013.

Will the company require to file ITR for FY 2012-2013(AY 2013-2014)? Will it file NIL return?

Will it require to follow ROC compliances for 2012-2013?

Or can both these compliances can be done in Next FY?

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4 Replies

abhishek (CA FINAL) (274 Points)
Replied 22 July 2013

Hello Rahul, No transaction should not affect ROC compliance. Company will have to follow ROC compliance.

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Mihir (Wealth Manager) (5293 Points)
Replied 23 July 2013

You will have to file nil return, and also annual return with ROC.

Mihir Doshi (B.Com, CA, CS, LLB) (2187 Points)
Replied 23 July 2013

Agree with Expert.

There may not be a single transaction of income expenditure but you need to file IT Return and disclose the other related information in that like share capital director and all that.