Tax filing for private limited company

1. You can get the accounts audited for 2 years and file the return now
2. Belated return may be furnished within 1 yr from the end of relevant AY. i.e. for FY14-15 (AY15-16), you can submit return within 31st March 2017
3. Belated return cannot be revised
4. For late submission of return, penal interest u/s 234A (in addition to interest u/s 234B & 234C if there is tax liability) will be applicable
5. If there is a loss, it cannot be carried forward and certain deductions cannot be claimed
6. Penalty of Rs.5000 u/s 271F if belated return is filed after end of AY

Thank you Purnima, but if in case the company didnot maintain any accounts revenue reflected to company bank account till now, only bank statements are available now how to go ahead.....

Even if there are no significant transactions, books have to be audited by CA. With the available information like bank statement, prepare accounts; using bills/vouchers, account the expenses incurred, sales (if any). Contact an Auditor who can guide you further.

Sure, Thankyou poorima............