Itr for closing business

One of my client is closed his business but for FY 2017-18 i have to file a IT return but in ITR it says i have to fill Balance sheet details but as on 31.03.2018 business has closed so Balance sheet also nil....

Some say if i file ITR without Balance sheet the return will be defective...

help me ASAP...

Replies (3)

File regular ITR and provide a letter to Income Tax department manually specifying:

1.Proper Address

2.Identifying information

3.Pay all Tax dues.

4.Specify Taxes paid in letter

5.Request Tax clearance certificate

6.Sign and Send.

Just show capital amount and cash and file return
as per section 176, you have to intimate your jurisdictional AO, in respect of closure of your business

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details