Question ID :
35855
178420
ONE OF THE PRIVATE LIMITED HAS NOT ANY TRANSACTION IN F.Y. 2017-18. WHETHER AUDIT REPORT AND ITR COMPULSORY EVEN IF THERE IS NO TRANSACTIONS AT ALL???
Posted by
Sameer Rajesh Dhoyda
on
Oct 23, 2018
Filed Under
AUDIT
Both are compulsory.
Posted by
B.CHACKRAPANI WARRIER on
Oct 24, 2018
Answer ID :
75001
Filing of audit report and annual return under Companies Act is compulsory for company having no transaction during the year. Filing of ITR is compulsory, but Tax Audit Report will not be applicable.
Posted by
CA. chunauti dholakia on
Nov 03, 2018