Itr filling of inoperative company is pending since 2005 (in

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Sonex (Querist)

08 November 2014 Dear Sir,

The Company is inoperative (no activity), since incorporation and we need your help in following matter :

1. Should we file Income Tax Return (ITR) of Company, since it was pending from 2005 ?

2. Is it good to file all ITR since inception ?

3. What would be the penalty, etc. ?

Kindly suggest the way out, if possible.

Many many thanks,
Shital

Amol S Joglekar

Amol S Joglekar (Expert)

08 November 2014 File ITR for last 2 years only.
For ROC, you need to file from inception.

Message likes : 1 times

Sonex

Sonex (Querist)

10 November 2014 The income Tax department will raise quiry pertaining to old ITR .... then what would be the reply...

Please guide..

Sonex

Sonex (Querist)

10 November 2014 Many many thanks for your reply. Please guide, if the income Tax department will raise quiry pertaining to old ITR .... then what would be the reply...

Please suggest answer..........

Amol S Joglekar

Amol S Joglekar (Expert)

10 November 2014 Since the company is inoperative since XXXX, the returns were not filed. (In alighter sense, whether you call TIGER or TIGER uncle, it is going to eat you for sure....then why to get scared?) File the returns.

Message likes : 1 times

Sonex

Sonex (Querist)

10 November 2014 Appricaite your answer... becuse fact is a fact and we must have to accept the reality.

Many many thanks.

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