Return of Income

This query is : Resolved 

(Querist)
09 April 2010 Company is foreign company holding PAN number in India not having any income chargeable to tax in India. Whether this company is required to file return u/s 139 (1) of Income tax Act 1961?

09 April 2010 the company is not exempted from filing of return of income even if its income is not taxable. therefore the company is required to file return u/s 139(1)

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09 April 2010 An Indian company is not expempted from filing of Income tax return. In case if a company is a foreign company having no income in india, need not file any return of Income. A foreign compmany having income only from dividends, interest and units on which TDS has been deducted, ned not file ITR in India as per section 115A (5) of IT Act.

09 April 2010 AGREE WITH RAJESHJI

10 April 2010 AGREE WITH EXPERT

10 April 2010 Agreed...


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