Company Compliance

Here are the detailed corporate and income tax compliance requirements and their respective deadlines and penalties:

• Annual General Meeting (AGM):
  • Due on or before 30th September each year
  • Purpose: Approval of financial statements, Appointment of auditors/directors
  • Delay Impact: Penalty on company & directors
• AOC-4 (Financial Statements Filing):
  • Due within 30 days of AGM
  • Includes: Balance Sheet, Profit & Loss Account, Auditor’s Report
  • Late Fee: ₹100 per day (no maximum limit)
• MGT-7 / MGT-7A (Annual Return):
  • Due within 60 days of AGM
  • Includes: Shareholding details, Directors & shareholders information
  • Late Fee: ₹100 per day (max ₹5 lakh)
• DIR-3 KYC (Director KYC):
  • Due on 30th September
  • Applies to: All directors with DIN
  • Late Fee: ₹5,000 per director
• Income Tax Return (ITR-6):
  • Due 31st October (if audit applicable) or 31st July (if not applicable)
  • Filed with: Income Tax Department
  • Delay Impact: Late filing fee up to ₹10,000, Interest under Sections 234A/B/C
• Tax Audit Report (If Applicable):
  • Due on 30th September
  • Filed by: Chartered Accountant
  • Delay Impact: Penalty of 0.5% of turnover (max ₹1.5 lakh)

Make sure to adhere to these deadlines to avoid penalties. Let me know if you need any assistance with your filings!

Corporate and Income Tax Compliances

• Annual General Meeting (AGM)Due on or before 30th September each yearPurpose: Approval of financial statements, Appointment of auditors/directorsDelay impact: Penalty on company & directors
• AOC-4 (Financial Statements Filing)Due within 30 days of AGMIncludes: Balance Sheet, Profit & Loss Account, Auditor’s ReportLate fee: ₹100 per day (no maximum limit)
• MGT-7 / MGT-7A (Annual Return)Due within 60 days of AGMIncludes: Shareholding details, Directors & shareholders informationLate fee: ₹100 per day (max ₹5 lakh)
• DIR-3 KYC (Director KYC)Due on 30th SeptemberApplies to: All directors with DINLate fee: ₹5,000 per director
• Income Tax Return (ITR-6)Due 31st October (if audit applicable) or 31st July (if not applicable)Filed with: Income Tax DepartmentDelay impact: Late filing fee up to ₹10,000, Interest under Sections 234A/B/C
• Tax Audit Report (If Applicable)Due on 30th SeptemberFiled by: Chartered AccountantDelay impact: Penalty of 0.5% of turnover (max ₹1.5 lakh)