Non filing of income tax returns of company for past 3 years

This query is : Resolved

vadrevu venkata sai priyanka (Querist)
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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 ?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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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.

CA Kumar Mukesh

CA Kumar Mukesh (Expert)
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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

vadrevu venkata sai priyanka

vadrevu venkata sai priyanka (Querist)
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05 August 2013 Then non complaince of filing IT returns for previous years will effect filing of current year 2012-13 year

vadrevu venkata sai priyanka

vadrevu venkata sai priyanka (Querist)
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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?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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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.

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