02 April 2012
Hi group, this query is with regard to Indian companies act . and pvt ltd cos incorporated under the same . A company incorporated as a Pvt Ltd company in September, 2009 has not filed its annual report , balance sheet & Income Tax return for the Fin. Year 2009-10 and 2010 -11 . they have filed it now on 31st march ,2012 What will be the penalty applicable to them to be paid by them for late filing of i) balance sheet and annual return ii) income tax return .
When the MCA scrutinize the documents in future of non filing of return with in time then they will issue a notice for showing the reason for not filing the same in time. But till now you don't worry it will take time.