I recently started my business in a form of LLP having 4 partners. We got our Certificate of Incorporation on 17th Feb '17 and our capital contribution is Rs. 50 lacs ( as specified in our agreement deed filed). Our PAN card is under process so far so probably we won't be able to open our bank account till 31st March. Our business operation is yet to start.
So I want to know whether i'll have to prepare any BS & PL for the year ended 31st Mar '17 and get it audited by a CA or i'll have do all that from next year only???
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file nil return for financial year 2016-17
and open bank accoutant on 1 april 2017
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