It filing necessity for a private ltd org with no earnining
This query is : Resolved
Venkata Bojja
(Querist)
18 June 2015
Hi,
I have registered a private limited company in 2012. I have also received a TAN for the company name. However there is no bank account open for the company and there was no income. Do I still need to file the returns? If yes, is there an option to file it now? Any penalties? Thanks again!!
I have registered a private limited company in 2012. I have also received a TAN for the company name. However there is no bank account open for the company and there was no income. Do I still need to file the returns? If yes, is there an option to file it now? Any penalties? Thanks again!!
Nikhil Kaushik
(Expert)
18 June 2015
yes. you are required to file the return as section 139 doesn't give any exemption for companies. open an account and file the return now.
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Rupesh Jain
(Expert)
18 June 2015
YOU HAVE TO FILE THE INCOME TAX RETURN U/S 139. ITS COMPULSORY FOR YOUR COMPANY.
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