Itr of transferor company.

Hello everyone
i have query that one of our client company merged with other company. and there is no transaction during the year with regarding income and expense.further i made realisation on the basis of opening balance sheet so the all the figures become nil, then what the procedure to file ITR of such company.
Replies (1)

Summary: In the case of a merger, the transferor company ceases to exist. If the original return was filed before the merger order, the successor company must file a modified return (Form ITR-A) under Section 170A. If no transactions occurred, you should document this and communicate it to the Jurisdictional Assessing Officer to formally conclude the company's tax obligations.

 

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