It return for NIL income

Dear Mr. Sathya,

A Company is require to file Return of Income even it is not having any Income chargeble to tax.

Further, I havnt come accross with case laws yet on this issue.

To be on conservative side and to make sure AO doesnt issue notice u/s. 142 or u/s. 115WD(2) and ask for penalty u/s 271(1)(c), it is always advisable to file ROI.

Thanks and Regards