Filling of company accounts

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a pvt ltd company is formed in the month of june 13 and have only 1lac paid up capital not a single transaction has been occured how the company will prepare its b/ s and file itr and roc related papers please provide the answer thanks in advance
Replies (3)

Hi,

P&L will be blank.

BS will show only share capital and the bank account.

For any further query PM or mail me.

AJH & CO

anubhavjain @ ajhco.in

Also, there may be preliminary expenses which was incurred at the time of incorporation of company. These expenses will be written off in the books of account. However, for income tax purpose, shall be written off in 1/5 (i.e. shall be written off in five years).

And, then there wil be deferred tax too.

Thanks,

Shobhit

agree with answer of shobhit goel.


CCI Pro

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