|
Every private limited company, Public limited company, one-person company and Limited Liability Partnership (LLP) need to do annual ROC and other compliances every year, this compliance is mandatory in nature and if we avoid these compliances then need to pay heavy penalties which can be avoided if we do these compliances on time.
Various Types of compliance need to be done for companies and LLps and details below.
COMPLIANCE APPLICABLE TO PRIVATE LIMITED COMPANY
Private Limited Company need to do compliances under Income Tax Act, under companies act and various another act.
Compliances Under Companies act 2013
Every company need to do mandatory compliances under companies act as list below.
- Statutory Audit under companies act 2013
- Filing of annual return in form no. MGT-7 and submit annual account in form No. AOC-4
- Auditor appointment form in ADT-1
- Director KYC compliances annually
- DPT-3 form for loans and deposit taken by company.
- MSME-1
Some Event based compliances also need to be done in the following cases.
- Appointment, resignation of directors.
- Increase of share capital
- Change of registered office address.
Compliances Under Income Tax Act 1961.
Every company need to do compliances under Income Tax Act as below.
- Filing of Income tax return before due date.
- Transfer Pricing audit and filing if applicable
- Get Tax Audit from CA if applicable
- Do TDS compliances to pay TDS on time and file TDS return on quarterly basic.
Compliances Under Other Act
- Professional Tax compliances (PTRC and PTEC)
- PF Compliances if applicable
COMPLAINCES APPLICABLE TO LIMITED LIABILITY PARTNERSHIP (LLP)
LLP need to do compliances under Income Tax Act, under companies act and various another act.
Compliances Under Companies Act 2013
- File Annual Return in Form No.-11
- File Form-8 to mention details of Profit and loss and affairs of the LLP
- Do Audit if turnover exceed 40 lacs or contribution exceed 25 Lacs.
- Designated Partner KYC compliances annually
Compliances Under Income Tax Act 1961
- Compliances Under Income Tax Act 1961
- Get Tax Audit from CA if applicable
- Do TDS compliances to pay TDS on time and file TDS return on quarterly basic.
Compliances Under Other Act
- Professional Tax compliances (PTRC and PTEC)
- PF Compliances if applicable
|