Ena Shahi 12 May 2018
My CS must have been a fresher. She put two partners contribution as 50k (25k each), only 10k was actual cash deposit investment, rest 40k is a grant. She said during incorporation that this is fine and better option and I was very naive to this. She said she'll handle during annual filing and now she's not responding after I conveyed her about filing. I really feel like reporting her but not sure if that happens anywhere.
Now, I have no other transaction except 10k cash deposit, 40k grand and 649 bank's annual maintenance charges.
How can I go about it? Form 8 has been submitted with 25k each contribution shown.
Form 11 and ITR is pending. What to do? I am not even liable to pay tax for 40k but due to her stupidity I might've to pay if that can be shown as complete contribution somehow, I can't show that we're in loss due to some scheme and incubation terms.
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