Income tax filing for pvt ltd company

Dear Sir

After getting registered and obtaining PAN card in the name of company you are statutorily obliged to file income tax return.

It's immaterial whether you have earned profit or inccured losses during the year.

As per Income tax act 1961 basic exemption limit to non filing of income taxis provided only to Individual and HUF.

do I have to file nil income tax?? How am I supposed to file income tax. There are no income except expenses. Pls guide.

If there is no income and only expense, you can file ITR for loss and carry forward the loss.

Regards

Vineet

www.financeandtaxhub.blogspot.com

Yes Agreed with Mr. Vineet Goyal........

You can file Return of loss and can set off the losses against income in subsequent 8 years.

But subject to condition return should be filed on or before due date. 

@ shivshankar Gupta; I think,  INC-21 filing for business comm certificate is a mandatory filing with MCA even for Pvt Ltd company as per MCA complaince post registration of firm.

The preoperative expenses should be debited to P&l a/c under companies act. they should be added back in tax computation and allowed from the next year in parts (1/5th).