Non filing of income tax returns of company for past 3 years
This query is : Resolved
05 August 2013
X company doesnt file any IT Returns for the last 3 years as it doent have any income. It is incorporated on 12/10/2009. There is no commencement of business still now . The company doesnt file any IT returns still now.The company also got notice on oct 2012 regarding non filing of Income tax Returns.
My Query is there is no possibility for filing IT Return manually except e return but e return may not be possible for last 2 years? i.e AY 2010-11, 2011-12 Tell me the neccesary action to do ?
My Query is there is no possibility for filing IT Return manually except e return but e return may not be possible for last 2 years? i.e AY 2010-11, 2011-12 Tell me the neccesary action to do ?
05 August 2013
on from AY 2012-13 onwards now it can file return as for other prev years it cannot file even the belated retrun u/s 139.
Even if there is no income still itr needs to be filed.
Even if there is no income still itr needs to be filed.
05 August 2013
As per Section 139 every company and firm has to file income Tax return compulsory whether or not having any Income
Therefore filing of Return of Income of company is compulsory
And not filing of return of Income may impose penalty u/s 271
Therefore filing of Return of Income of company is compulsory
And not filing of return of Income may impose penalty u/s 271
05 August 2013
Then non complaince of filing IT returns for previous years will effect filing of current year 2012-13 year
05 August 2013
My query is Whether non complaince of filing IT returns of previous years will have an effect of current year 2012-13 filing?
06 August 2013
the ans to your query is no.
but if you had any loss to be c/f in last year then it would not be allowed this year.
but if you had any loss to be c/f in last year then it would not be allowed this year.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- SALARY CAN BE CAPITALIZE
- UDIN ISSUE
- TDS on purchase of under construction property from a reseller
- Non filing of I T Returns
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
