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4 lakh companies face deregistration for not filing I-T returns

4 lakh companies face deregistration for not filing I-T returns

Tuesday, April 18, 2017, 10:33 AM

As part of the crackdown on shell companies, over a third of the 11 lakh active Indian companies face the prospect of their names being struck off or deregistered as they have failed to file their returns for three financial years. Starting last month, notices are being sent out to over four lakh companies, sources told TOI.
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