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Filling of income tax return for new private companies

Others 714 views 4 replies

Hello there.

Greetings of The Day to all CCI Members.

Is it necessary for the newly Established Private Limited Companies to file NIL Income Tax Return?

The Company got Established in February 2012.

Waiting for your Replies.

Replies (4)

In my view

Yes. it is not mandatory though. But it is always better to file the returns.

Hi,

According to 139(1),this is mandatory to fill Company Income tax return,

it is mandatory to file return even for a newly corporated company or firm which has not commenced business.

Thank you to all for your valuable replies.


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