Annual Compliance Private Limited Company

Private Limited Company Annual Filing & Compliances

All companies (private limited company, one person company, limited company, and section 8 company) registered in India must file MCA annual return and income tax return each year. Before filing annual return, the company must conduct an Annual General Meeting at the end of each financial year. For newly incorporated Companies, the Annual General Meeting should be held within 18 months from date of incorporation or 9 months from the date of closing of financial year, whichever is earlier. Subsequent Annual General Meetings should be held within 6 months from the end of that financial year. In India, normally the financial year starts on April 1st and end on 31st March. So a Company’s annual return would be due on or before September 30th.

In addition to MCA annual return, companies must also file income tax return irrespective of income, profit or loss. Hence, even dormant companies with no transactions are required to file income tax return each year. Private limited companies, limited companies and one person companies would be required to file Form ITR -6. The due date for filing income tax return for a company is on or before the 30th of September.

Agencer provides a comprehensive cloud based iCFO and compliance management service for small and medium sized business. Our compliance service includes financial statement preparation, secretarial services, income tax return filing and MCA annual return filing. Based on requirement as your business scales, we can also provide GST return filing services, TDS return filing services, advance tax computation and payroll processing. Get in touch with an Agencer Advisor to begin managing your company’s compliance in an easy and hassle-free manner.

What are compliances to be maintained by the Private Limited Company?
The compliance requirement for Private Limited Company has changed drastically over the years. Following is the summary of the private limited company compliance due dates in 2021

plc1

BASIC

iNR 15,299

Bookkeeping

Financial statement preparation

Annual report

director’s report

Board resolution preparation

MCA annual return filing

Income tax return filing

1 Year Dedicated Accountant

LEDGERS Accounting Software

GST eWay Bill Software

Commencement of Business Certificate

STANDARD

iNR 20,299

Bookkeeping

Financial statement preparation

Annual report

director’s report

Board resolution preparation

MCA annual return filing

Income tax return filing

1 Year Dedicated Accountant

LEDGERS Accounting Software

GST eWay Bill Software

Commencement of Business Certificate

Updated on 18/07/2021