audit of a new company which has not commence its business
This query is : Resolved
29 May 2014
A new company was incorporated in June 2013, But it has not done any business during FY 2013-14. Only share capital of rs.100000/- has been deposited in company account.
From FY 2014-15, company has commenced its business.
please clarify,
What is need of audit for 2013-14?, when we asked some firms, their charges are too high for no work that we have to close the company and go for other form of business, like proprietorship or LLP. what should we do in this situation.
From FY 2014-15, company has commenced its business.
please clarify,
What is need of audit for 2013-14?, when we asked some firms, their charges are too high for no work that we have to close the company and go for other form of business, like proprietorship or LLP. what should we do in this situation.
29 May 2014
you may choose to form another entity. but as long as the company exists, the audit is compulsory.
30 May 2014
you have to take the audit of your company under the company act. ti is compulsory and to file the return with ROC.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Liable to deduct tds and 44ADA
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- TDS Challan Code
- SGST balance is there in credit ledger how to adjust for cgst
- Internship/Academic shown in Salary Pay Slip of a Doctor
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
