INCOME TAX RETURN
This query is : Open
03 April 2009
one of our client is starting a company. i heard that the name of the company bears the name as "INDIA" OR "HINDUSTHAN", the authorised capital will be less. can anyone please mail the details of the above features. Very urgent. the propsed company will be a private limited co.
03 April 2009
Incoem tax return filling compulsory under income tax act if tax payable is zero.
Pl reply.
Pl reply.
03 April 2009
no it is not compulsary...
u need to file return
for companies, firms, university college...if any income is there
for others...if without giving exemption u/s 10 income is more than exemption limit
for individual and huf u need to see non agri. income
u need to file return
for companies, firms, university college...if any income is there
for others...if without giving exemption u/s 10 income is more than exemption limit
for individual and huf u need to see non agri. income
03 April 2009
No Its not compulsary but it is advisible to file anil return which is required for things like applying for a housing loan or visa etc.
03 April 2009
No its not compulsory. But its better to file the return with IT else they may send notice regarding non filing of return. Then you may have to inform the AO regarding the issue. Hence better to file it.
04 April 2009
IF YOUR INCOME BEFORE DEDUCTION OF CHAPTER VI IS ABOVE THE BASIC EXEPMTION LIMIT THEN YOU HAVE TO FILE I.TAX RETURN
IN CASE OF REGD.FIRM / COMPANIES IT IS COMPULERY TO FILE I T RETURN AS THERE IS NOT ANY EXEMPTION LIMIT .
IN CASE OF REGD.FIRM / COMPANIES IT IS COMPULERY TO FILE I T RETURN AS THERE IS NOT ANY EXEMPTION LIMIT .
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