Income tax & stautary audit

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rohit laad (Querist)
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16 March 2014 I've incorporated a pvt ltd company in march 2014 and completed my all legal formalities in same time but business in company will be starting from the month of april.

Whether it is necessary to file Nil Income tax Return and Statutory Audit of the company for FY 2013-14. Or I get any grace period as my company started in the month of march.

please advice.

thanks in advance.

Akash Barman

Akash Barman (Expert)
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16 March 2014 No requirement as your Commencement of Business is in the F.Y 2014/15(a.y -2015-16)
A pvt company is mandatorily required to get stat audit as per sec 224(1)

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rohit laad

rohit laad (Querist)
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16 March 2014 Thanks for reply.

Can you please mention the section or refer any website where i get details regarding the same.

Akash Barman

Akash Barman (Expert)
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16 March 2014 Stat Audit neccessary u/s 224(1)as per company act 1956

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