Not appoint any auditor and file itr this year

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This query is : Resolved

Renu Sharma (Querist)

10 October 2013 I have registered private limited june 2012 and not appoint any auditor or ca but few transaction in bank account no books maintained on company name and not much work on company name can i fill nill itr of company and or less income?

please reply and guide me?

Nikhil Kaushik

Nikhil Kaushik (Expert)

10 October 2013 Dear Renju Ji,

Appointment of statutory auditor is compulsory under Companies Act.

if the turnover is less than Rs 1 Cr, you need not appoint tax auditor.

Also, maintenance of books under Section 209 is compulsory.

It is important that you prepare proper books, get statutory audit done and thereafter file your tax return. Whether it is nil income return or not is immaterial.

Kindly appoint the auditor immediately.

Renu Sharma

Renu Sharma (Querist)

13 October 2013 thanks for reply
is it complsery to appoint an auditor in non working company
nono working from june 2012 t0 2013? n fill itr

Nikhil Kaushik

Nikhil Kaushik (Expert)

13 October 2013 Dear Renu Ji,

Yes it is compulsory For every company to appoint statutory auditor.

Though, you shall not be required to appoint statutory auditor as you most probably have turnover less than Rs 1 cr.

If you want, we can assist professionally for this.

Regards

Nikhil

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CA Pallav Singhania

CA Pallav Singhania (Expert)

13 October 2013 IF CARO Applicable then definitely Internal Auditor required to be appointed.

Even section 292A does not compel a company to appoint an internal auditor.

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Nikhil Kaushik

Nikhil Kaushik (Expert)

13 October 2013 Aryan Bhai...we are referring to appoint of statutory auditor here.

Anyways, even CARO doesn't mandate appointment of internal auditor. it just requires a functional internal control mechanism to be present.

The requirement for internal audit system doesn't require appointment of external auditors. A robust internal audit department is sufficient.

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Renu Sharma

Renu Sharma (Querist)

13 October 2013 thanks nikhil

plz advice me should i fill itr of company or not

and still i have not fill my personal itr 0f FY 2012-2013 AY 2013-2014

i m working self employed but no records are maintaines but i want to fill my personal itr
of this year Net income 362990+ approx. lakhs late
so how much tax n interest n other charges have to pay if i fill my its by the end of october 2013 income from my visa n mice.

m not getting good ca coz they charge mch for company itr n other work
plz tell me how much exp for add new dir and remove dir and change desigation as well

i hav digital sign as well

thanks plz reply asap

Nikhil Kaushik

Nikhil Kaushik (Expert)

13 October 2013 Dear Renu Ji,

Can we discuss the above over a phone call. I have messaged u my number.

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Renu Sharma

Renu Sharma (Querist)

13 October 2013 dear nikhil
due to ill health
i m much work on company name just few transaction into bank current accout
and now from november 2013 going to start work again

thats why ask for company itr

Renu Sharma

Renu Sharma (Querist)

13 October 2013 reply plz

Renu Sharma

Renu Sharma (Querist)

13 October 2013 still i have not fill my personal itr 0f FY 2012-2013 AY 2013-2014 i m working self employed but no records are maintained but i want to fill my personal itr of this year Net income 362990+ approx. lakhs late so how much tax n interest n other charges have to pay if i fill my its by the end of october 2013 income from my visa n misc im not getting good ca coz they charge mch for company itr n other work plz tell me how much exp for add new dir and remove dir and change designation as well i hav digital sign as well thanks plz reply asap

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