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Private Company Statutory Requirement


06 March 2009 Hi Sir
I want to Know what all things a Private Ltd company has to do w.r.t Income Tax Dept & ROC yearly.

07 March 2009 Income Tax Deptt. - Income tax return along with accounts audited by a CA.

07 March 2009 ROC - Annual Return.




07 March 2009 One company assesse gave books etc for audit of AY 2008-09 to Auditors they appointed in Jul 08. Till 30/09/2009 evening they were under the illusion that their audit is completed & their return would be submitted on due date. But in Evening of 30/09/2008 the auditors said they will not be able to file the ROI. So after taking the auditors permission the client approasched other auditor but as they didnt have sufficient time they couldnt file ROI. Later the second auditors did work on the same completed audit & preapred Financial Statements & ROI. Later they came to know that the first auditor filed form 23B in ROC on 7/10/2008 without knowledge of Client. So the second auditors asked the client to tka ethe file to them & file the return to avoid penalty etc. The first auditor accepted and was ready to file the ROI. the data was given to him in Nov 2008 again. But for the surprise of client again on 6/03/2009 the first auditor send the resignation letter Dt 1/11/2008. The first auditor took whole fees before hand for issuing Resignation letter for other case of same client & dint file the ROI's.Now what the second auditors should do in this case to avoid futher consequenses & file ROI. Both in Income Tax Dept & ROC. Pls its very Urgent



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