Incometax returns

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Querist : Anonymous

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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

25 January 2017 File ITR 6 nil return with balance sheet and zero p&L.

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Querist : Anonymous

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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

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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