Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Cpc communication

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

01 June 2013 WE have received a communication from CPC ( Income tax) under section 139(9) . in this communication it is mentioned that part A P & L have not filed . we have filed a return in which there is no element in profit and loss a\c as the commercial production of the company is not started . Because the company is in construction stage . All the expenditure are of the preoperative nature and hence capitalised . so please suggest me how to reply to cpc .

my mail id is khatri.khatri620@gmail.com
CA BHARAT KHATRI

Ganeshbabu K

Ganeshbabu K (Expert)
Follow

01 June 2013 Dear sir,,

Yes, where there is no operations, there is no requirement of profit and loss statement.

So give a written reply to AO that " business entity not yet started commercial activity so no profit and loss statement made"

communication can be sent with in 15 days of receipt of communication,

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now