one of my client, 3years back(in 2012) Register one Private limited Company & he didnot Proceed any transactions and also not Filing any returns ( ROC filing, I.T.Retursn) till date. Now he want to file company returns(ROC & I.T.).
if we file Returns, what is the penanlty will be payable?
company Registered in Andhra Pradesh(visakhapatnam)
For each Financial Year and for Each form to be filed, penalty will be applicable for 10 times of original fees.
You may also go for compounding of penalty.
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