Post actions for fast track exit

This query is : Resolved

Preety Gupta (Querist)
Follow

21 February 2014 my company has been struck-off vide fast track exit procedure letter u/s 560(5) received as on 17.02.2014.

I have some queries post strike-off as follows:-

1. Do we receive any certificate from ROC, regarding such strike-off or the notice u/s 560(5) is sufficient proof for stike-off of such company?

2. as the company has been struck-off in February, is the company required to file its ITR upto January??

3. What are the other actions to be taken post strike-off, like deactivation of PAN number in the name of the Company and surrender of other certificates/ registrations.

Hoping to receive an answer from your end.

Regards.

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

21 February 2014 1. the notice is sufficient proof

2. it will be covered under section 176 of the income tax act and income earned if any shall be taxable in that previous year itself.

3. You should surrender all the registrations.

Preety Gupta

Preety Gupta (Querist)
Follow

22 February 2014 what if the company did not have any activity/ income during April, 2013 to the date of strike-off i.e., 17.02.2014??

Please note, only because the company could not do any business since the last one year, the company chose fast track exit scheme. therefore, there was no income except regular expenses.

please guide regarding filing of any return in this regard.

With Regards.

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

22 February 2014 Dear Preety,

for companies existence of income or activity is not relevant for tax returns. Please note that even if it is zero, you need to approach AO about closure of business and submit relevant account statements to him. once all the assessments are completed, only then PAN can be surrendered.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Subbiah S

jagadheswar goud

KAVITA CHAUHAN

Vimlesh kumar

S Soundarya

Subscribe Now

Post actions for fast track exit

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA