3cd form for company

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25 Points Posted on 01 August 2013

I run a company, this is first Corporation tax i need to fill.

In this first year company didn't made any income but only expenditure on establishment with a net loss of around 2 lakh.

My question-

1. Is it necessary to get audit for the company as there is no profit/turnover?

2. Is 3CD form compalsory with Corporation tax as company didn't made any profit?

[plz explain section 44AB and 44AD for a company, i couldn't understnd.]

Somebody told me no audit as well as no 3CD form is required as ternover is not over 60 lakhs. Is it true?

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25 Points Posted on 21 August 2013

Is anybody there?

ca-final student

120 Points Posted on 21 August 2013

Originally posted by : Gaurav
	I run a company, this is first Corporation tax i need to fill. In this first year company didn't made any income but only expenditure on establishment with a net loss of around 2 lakh. My question- 1. Is it necessary to get audit for the company as there is no profit/turnover? 2. Is 3CD form compalsory with Corporation tax as company didn't made any profit? [plz explain section 44AB and 44AD for a company, i couldn't understnd.] Somebody told me no audit as well as no 3CD form is required as ternover is not over 60 lakhs. Is it true?