A company has received a notice u/s 139(9) for erroring in Part a ( P & L ) account. The fact is that the company has not started any operations and hence P & L account was not prepared. Can we simply put "0" in the relevant columns of Part A P & L and file.
2 Replies
Amber Jain
(Article Assistant)
(206 Points)
Replied 07 June 2013
You have to not prepare P&L rather you should prepare Pre operative statement.
Vignesh Sundar
(Practicing Chartered Accountant)
(59 Points)
Replied 11 June 2013
You would have ticked that S 44AA is applicable to you. Try it by changing its not applicable to you
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