Go AD-FREE with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

Income tax return of new company

ITR 563 views 4 replies

Rahul Jain

Accountant

316 Points Joined June 2013

A private limited company was incorporated on 27th February,2013.For the Financial Year 2012-2013, it had no transaction except Director's Initial subscripttion to Share capital of the company.Bank account was opened in April 2013.

Will the company require to file ITR for FY 2012-2013(AY 2013-2014)? Will it file NIL return?

Will it require to follow ROC compliances for 2012-2013?

Or can both these compliances can be done in Next FY?

Replies (4)

abhishek

CA FINAL

274 Points Joined July 2008

Hello Rahul, No transaction should not affect ROC compliance. Company will have to follow ROC compliance.

Mihir

Wealth Manager

5293 Points Joined December 2008

You will have to file nil return, and also annual return with ROC.

Mihir Doshi

B.Com CA CS LLB

2187 Points Joined July 2008

Agree with Expert.

There may not be a single transaction of income expenditure but you need to file IT Return and disclose the other related information in that like share capital director and all that.