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File: /home2/franchi4/public_html/legal/application/core/MY_Controller.php
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File: /home2/franchi4/public_html/legal/application/core/MY_Controller.php
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File: /home2/franchi4/public_html/legal/application/core/MY_Controller.php
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Function: __construct
File: /home2/franchi4/public_html/legal/application/controllers/Home.php
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Backtrace:
File: /home2/franchi4/public_html/legal/application/core/MY_Controller.php
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Function: __construct
File: /home2/franchi4/public_html/legal/application/controllers/Home.php
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Backtrace:
File: /home2/franchi4/public_html/legal/application/core/MY_Controller.php
Line: 6
Function: __construct
File: /home2/franchi4/public_html/legal/application/controllers/Home.php
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Filename: drivers/Session_files_driver.php
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File: /home2/franchi4/public_html/legal/application/core/MY_Controller.php
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File: /home2/franchi4/public_html/legal/application/controllers/Home.php
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File: /home2/franchi4/public_html/legal/application/controllers/Home.php
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What will be the total expense of closing a private limited company, if returns for the company were not filed for 2015-2016 or 2016-2017? - Hire CA : Knowledgebase
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What will be the total expense of closing a private limited company, if returns for the company were not filed for 2015-2016 or 2016-2017?
What will be the total expense of closing a private limited company, if returns for the company were not filed for 2015-2016 or 2016-2017?
In short, it will be pretty damn high !
There are two from of returns which you should have filed for each year and i am assuming you have defaulted on both of them.
Income Tax Return
Returns under Companies Act
If i talk about point 1, your default would be subject to have much you earned in these period, on that you have to pay applicable taxes, interest and penalty. And also some fees for default in return filing as penalty, which i would approximate to atleast 10,000 - 50,000, also, a professional like a CA who would help you file them would charge atleast 10,000 and any higher amount depending on efforts involved.
In respect of pt. 2, the penalty is very high you can file for reduction fo same if you have not done any work through company but it would be a minimum of 50,000 and will go as high as 1.5 lakhs, also a CS who would take care of all the work would charge atleast 25,000.
Finally, in reapect kf closing the company it will cost you approx 10,000.
I hope it helps…
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