Itr for closing business

ITR 2451 views 3 replies
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CA
37 Points Joined January 2015

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...

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On 20 June 2018 at 15:24 Report
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Coaching and Practice in Tax Audit Law
4429 Points Joined June 2018

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.

1 Reply
On 20 June 2018 at 15:43
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Chartered Accountant
2195 Points Joined December 2014
Just show capital amount and cash and file return
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On 20 June 2018 at 20:00
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12244 Points Joined May 2017
as per section 176, you have to intimate your jurisdictional AO, in respect of closure of your business
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On 21 June 2018 at 00:07


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