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
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Under construction property in ITR
- Gift of mutual fund units to daughter
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Not able to file ITR
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
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
