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Foundation company.

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fresher
193 Points Posted on 24 January 2019
Dear All,

I need help from your side for the following case.
1. A Foundation company was opened in October 2016, but till date there has not been any transactions in the books.
2. Audit report and Annual report has also not been prepared till date.


What I can do on above case.
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On 24 January 2019 at 15:36 Report
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Coaching and Practice in Tax Audit Law
4429 Points Posted on 24 January 2019

Earlier year returns as it is cannot be filed but return for FY 2017-18 can be filed  still be filed by 31.03.2019 so prepare books of accounts from the date of formation till date and file return accordingly.

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On 24 January 2019 at 15:41
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fresher
193 Points Posted on 24 January 2019
We don't have any transactions till date, also we have not appointed Auditor. Only company name is registered in MCA portal. We have not yet applied of PAN card, also do n't have bank account also.
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On 24 January 2019 at 15:44
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Coaching and Practice in Tax Audit Law
4429 Points Posted on 24 January 2019

Yes, so you still have to follow legal compliance and file Nil ITR

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On 24 January 2019 at 15:47
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fresher
193 Points Posted on 24 January 2019
Please help me to know, that how can I resolve this?
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On 24 January 2019 at 16:02
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Coaching and Practice in Tax Audit Law
4429 Points Posted on 24 January 2019

Ping at ruchasom @ gmail.com

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On 24 January 2019 at 16:08


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