Pvt ltd company non filling
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 June 2018
I have started pvt ltd company on 2012. through pvt ltd company bank account i have received 2 transactions (last on 2014) only. I didn't file I.T. Now companies act sent me a notification mail for inactive status. What can i do now? my auditor told just leave it. they will close the pvt ltd company name. But my question is, Is there any penalty in future for that 2 transactions?
Nikhil Kaushik
(Expert)
09 June 2018
it is compulsory to file the tax returns for companies. ask your auditor to read the income-tax act
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