Filling of income tax return & statutory audit for new comp.
This query is : Resolved
06 September 2011
Dear All
Please provide the suggestion whether the newly incorporate Company (Jan 2011)is required to file Income Tax Return and perform Stautory Audit.
Can the period of Financial Year extend to 15 Months for First Time
Please provide the suggestion whether the newly incorporate Company (Jan 2011)is required to file Income Tax Return and perform Stautory Audit.
Can the period of Financial Year extend to 15 Months for First Time
06 September 2011
As per Income tax Act,1961 the company has to close its accounts as on 31/03/2011 and income tax return has to be necessarily filed for the assessment year 2011-12. Pl refer section 3 and 139(1) of the said act.
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06 September 2011
Yes,IT return Must File, No Such Exemption Under IT Act, You are Talking For Corporate Law
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