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Income tax

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(Querist)
26 December 2012 Dear Sirs & Friends,

Do i have to pay any penalty if i start transactions in a Pvt. Ltd. company which was incorporated in Sept-2009. Since then there was no transactions made through this entity, this is the first time, my question is am i supposed to file any NIL return or am i supposed to pay any penalty to the ROC for not fulfilling previous year obligations Please suggest and help me to clear my doubts.

Best Regards,
Yajuvendra Rawat
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Soumitra Basu

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Soumitra Basu (Expert)
28 December 2012 firstly see whether your name is active in mca portal or not. if yes, file annual return and balance sheet.
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