Newly incorporated Co. - Whether to file return or not ??
This query is : Resolved
CA Nilesh Sodhani
(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.
Please reply.
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.
Asst. year is uniform for all so far as IT is concerned.
Statutory audit report not required.
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17 March 2009
i support the expert
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HUZAIFA HUSSAIN
(Expert)
18 March 2009
I AGREE WITH MR.SHYAMLAL
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