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Four lakh companies face deregistration for not filing IT returns

Four lakh companies face deregistration for not filing IT returns

Tuesday, April 18, 2017, 9:59 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-FY. Starting last month, notices are being sent out to over four-lakh companies, which have failed to file returns with the registrar of companies, sources said.
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