any one pls advise me how to respond if any notice has come for not filing of return a pvt ltd company from I.T Dept
RITESH KOTHARI
(B.COM, FCA, DISA(ICAI))
(778 Points)
Replied 04 July 2009
provide them the audited accounts showing you have profits less than the maximum exemption limit.
PRAVEEN KUMAR
(MBA (Finance) B.Com.(P))
(3443 Points)
Replied 04 July 2009
Dear Sir,
Can you please explain in detail.
what should be done in asked scenario
Thanks
Praveen
RITESH KOTHARI
(B.COM, FCA, DISA(ICAI))
(778 Points)
Replied 06 July 2009
u must have made tha accounts for the year referred by the IT dept.show the that u have profits less than the taxable limits or had incurred losses.thus the obligation to pay income tax and file return was not mandatory on your part.thus you had not filed the same. so please kindly acknowledge the same.