Incometax returns

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 January 2017 Dear sir,
A company is formed on march 10th 2016 , and it does not have any transactions done . Can we file nil returns for the year 2015-2016 by showing only share capital in the balancesheet and some cash baln ? and also pls inform which itr is used to file the return as its a pvt. tld co having share captl of 1 lac.
Thank you very much

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 January 2017 File ITR 6 nil return with balance sheet and zero p&L.

Querist : Anonymous

Querist : Anonymous (Querist)

25 January 2017 Thanks a lot Sir. Please advise me further .
In the shareholders fund in the itr 6 return should we enter the amount of rs 100000 as authorised share capital or should it be kept as nil?
thanks

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 January 2017 In case share is not allotted show the amount paid by share holders under advance towards share capital.

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