Whether is it mandatory for Private Limited Company to file income tax return even if it has made loss and does not want to carry forward the same as there is no possibility of earning profit next year also and the business is shut down next year?
Menu
ITR by Loss Making Private Limited Company
Replies (4)
Dear Sidhesh,
As long as a Company (Private or Public) is in existence it is required to file its ITR irrespective of the fact it has sustained loss or is planning to shut down or has no revenue at all.
yes it is mandatory for companies
Yes, It is mandatory for a Companies to file ITR as well as Annual Return under Companies Act.
Dear Siddhesh,
The excuses given for non-filing the return seems absurd.
You must file return of Income for the company in existance.
Recent Threads
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
Related Threads
CAclubindia
