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Filling of company accounts

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abhishek

Became a CA

46 Points Posted on 04 August 2014

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)

Anubhav

Chartered Accountant

423 Points Posted on 04 August 2014

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

Shobhit Goel

Chartered Accountant

86 Points Posted on 04 August 2014

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