Return filling
This query is : Resolved
03 April 2013
I have a client having newly established business of construction (residential) and has Pvt ltd status in Kolkata (WB). Now they are working on their first project and it is still not completed by FY 2012-2013 and hence there is no income yet, though there is expenses.
Now question is whether they should file the return for 2012-2013? and whether return file is to be submitted with ROC.
Now question is whether they should file the return for 2012-2013? and whether return file is to be submitted with ROC.
20 May 2013
Yes he has to submit the return under both the acts. He should file IT return on percentage completed method and accordingly as per companies act the BS is to be prepared.
Message likes :
1 times
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
- Opting our of sec 44AD
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Regarding appeal to GSTAT
- Multiple trade mark
- Value of property in capital gain
- Copyright software
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- Form 121 & TDS deduction
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
