Reasons to Major Compliances for a One Person Company
Income Tax & Annual Return
Income tax filing and annual return filing must be completed by all One Person Company before 30th September of each financial year.Know More IMPORTANT
Under the GST regime proposed to be rolled out in 2017, one person companies having GST registration would be required to file monthly, quarterly and annual GST returns.
Quarterly TDS returns must be filed by one person companies that have TAN and are required to deduct tax at source as per TDS rules.
ESI return must be filed by all one person companies having ESI registration. ESI registration is required once the one person company employs over 10 employees.
Service Tax or VAT
In case a one person company has service tax or VAT registration, it must file the respective returns. Service tax returns are due half-yearly while VAT return due date changes from state to state.