I formed a company on June 2009, but haven’t yet filed any tax. If the business has not made any profits what is the procedure for filing the returns.
Now that I know it is must for company operational or not, profitable or not, the return filing is must. and also is CA necessary, CA fees would be exorbitant is it possible that one can file company’s returns on it’s own. How much money would I have to shell out for all the taxes and penalties? for this. What will happen if I don’t do it?
Please advise, thanks.
Warm Regards
Arun Kumar