Hi CA's in the CA Club,
Wwe have incorported our PVT LTD company in 2014 and as we are not from finance background we don't know much rules or works to be done (filings appointment of auditor) even our CA Who took the job of creating pvt ltd has not guided us anything about the future maintenance of company like to appoint auditor or file taxes yearly
Now we want to file returns for 2014-15 2015-16 ad 2016-17 for three years though its very small business with turnover of 20000 Rs per year we want to file returns for these three years.
We spoke to one of the CA in Local and he says auditor was not appointed and we need to pay penalty of Rs.4500 for ADT1 for three years.
And two years returns can be filed but 2014-15 cannot be filed now as system doesn't accept and he is charging approx 12000 for two years including tax, penalty and interest and his professional fees
Please share your suggestions and work arounds for this issue
CAclubindia
