What happens if you ignore a tax audit?

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(1) What happens if you ignore a tax audit? If
you are liable to tax audit but not complying to
it purposefully, penalty upto Rs.100,000 can be
imposed. Further, the AO can be behind you with
his series of notices and can waste your time,
energy, money and peace of mind.
There is no fixed price or cost for registering
a Private Limited Company in India. There are
a number of dependent variables that determine
the cost of incorporation of a Private Limited
Company in India such as the location of
registered office, number of directors, amount
of authorised capital etc.
(1) What happens if you ignore a tax
audit? (2) What are the benefits of converting
a private limited company to OPC?
How much does a Private Limited Company
Registration cost in India?
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The major benefit of converting a PLC to OPC is
that being a small company as per the provisions
of Companies Act, there will be comparatively
lesser compliances and increased flexibility.
(2) What are the benefits of converting a private
limited company to OPC?
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