Is it necessary to do filings to IT department?

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Hai,

we incorporated a company on 3rd march 2010, is it necessary to do filings to IT department  for 3rd march to 31 st march 2010, but there is no transactions in this period.

pls suggest me?

Replies (4)

Yes, By Virtue of Section 139(1) , a Corporates Must File Return of Income Whether There is Income / Transaction Or Not.

Yes you have to file d return whether any transaction or income is there or not...

Hi to all,

I am agre with all , even one of our client got notice for non compliance it filing.

For your kind you said there is no transcation in your company how it is possible dear,

this is becuase there will be share capital ,Cash/ Bank and Preliminary expenditure on Incorporation of company as on 31St March 2010.

 

 

 

 

 


 

Hi, as Ayush said, you will have to file ITR.

 

Extended financial year is applicable only under section 210(4) of the companies act 

Previous year as per section 3 of the IT Act starts on April 1st, or the date on which the source comes into existence.

 

So you have to file the ITR even if there is no transaction....


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