Rahul Agarwal (Accountant) (98 Points)
30 July 2013A new private limited company is formed in February 2013.No transaction took place in February and March. Should the company still file Income tax return for AY 2013-14. Or it can file income tax return next year with Financial year being Feb 2013 to March 2014?
CA Anil Agarwal
(Practicing CA)
(67 Points)
Replied 30 July 2013
As per Section 139 it is mandatory for every company to file its ITR return. Since the company is incorporated in February 2013 so the company has to file its ITRfor A.Y 13-14.
Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance
CAclubindia
