banner_ad

Newly incorporated Co. - Whether to file return or not ??

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 March 2009 One Public Co. incorporated on 13.03.2008 is wishing to compile its first annual accounts as on 31.03.2009 and not 31.03.2008 which is permissible under Companies Act. But I want to know whether it is liable to file Return of Income for AY 08-09 or not ? and also whether it is required to be audited because it is not falling under Sec 44AB ?

Please reply.
Profile Image

Shyam Lal Naik

Profile Image

Shyam Lal Naik (Expert)
17 March 2009 Need to prepare accounts upto Mar'08 for IT purpose.

Asst. year is uniform for all so far as IT is concerned.

Statutory audit report not required.
Profile Image

CA Devanshi Gandhi (Ajani)

Profile Image

CA Devanshi Gandhi (Ajani) (Expert)
17 March 2009 i support the expert
Profile Image

HUZAIFA HUSSAIN

Profile Image

HUZAIFA HUSSAIN (Expert)
18 March 2009 I AGREE WITH MR.SHYAMLAL
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details