Return for a pvt ltd company
This query is : Resolved
14 September 2012
Dear All,
A Company was formed on 30th March 2011. The bank account is opened in April & no transaction was carried out till opening of bank account in April.
Now my question is that whether we have to file Income tax return for A.Y 2012-13 since company was in existence only for one day.
Plz Guide.
Amit Jain
A Company was formed on 30th March 2011. The bank account is opened in April & no transaction was carried out till opening of bank account in April.
Now my question is that whether we have to file Income tax return for A.Y 2012-13 since company was in existence only for one day.
Plz Guide.
Amit Jain
Amol S Joglekar
(Expert)
14 September 2012
Why one day dear? 30 march 2011 and 31 march 2012... it is more than 365 days. (If it is assumed to be a spelling mistake on your part and instead of 30 march 2011 , it is presumed to be 30 march 2012, then your contention is correct. You have an option to make the first finalisation on 31st march 2013 and not 31st march 2012.
15 September 2012
Dear Amol,
The date is March 31, 2012 & 2011 is written by mistake.
Thanks for your advice.
The date is March 31, 2012 & 2011 is written by mistake.
Thanks for your advice.
Amol S Joglekar
(Expert)
15 September 2012
You can have the option of closing the FIRST year accounts on 31/03/2013.
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