Income Tax Return of Companies

Documents Required for Income Tax Return of Companies

  • 1 Invoices of Purchases and Sales during the year
  • 2 Invoices of expenses incurred during the year
  • 3 Credit Card Statements if Expenses are incurred by Directors on behalf on Company
  • 4 Bank Statements from 1 April to 31 March for all bank accounts in the name of Company
  • 5 Copy of GST returns filed (If Any)
  • 6 Copy of TDS Challans Deposited (If Any)
  • 7 Copy of TDS Returns filed (If Any)
  • 8 Digital Signatures of Any 1 Director

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Process Involved

Documentation
Preparation of Accounts
Preparation of Income Tax Return
Client Approval
Tax Payment
Return Filing

Annual Compliance for Private Limited Company

  • Every Pvt Ltd shall comply with Annual Requirements of ROC and Income Tax and shall file
  • Income Tax Return every year before 30th Sep 
  • File Form MGT-7 - Statement of Disclosure of ShareHolders and Directors - within 60 days from Date of Annual General Meeting (AGM)
  • File Form AOC-4- Annual Return of Companies before 30th October every year.

Following documents are required for ITR and ROC filling of your Company-

1. Bank Statements of all accounts in the name of Company and Individual.

2. Sales Tax/Service/TDS Tax returns if any

3. Invoices of all purchases and sales.

4. Invoices of all types of expenses.

 

Procedure For Annual Compliance fulfillment Procedure

  • Maintain Proper Books of Accounts.
  • Prepare and File Balance Sheet
  • Get your accounts Audited by Chartered Accountant
  • File Form ADT-1, MGT-7 and Form AOC-4 with ROC
  • File Income Tax Returns with Income Tax Department

Need for Annual Complaince

  • Late filing or non-filing of Annual Return before the due date will attract a penalty 12 Times of Normal Fees.
  • Further, the Company cannot be wound-up or closed without filing of the return.
  • Therefore, it is best to file the Annual Return within the due dates.

FAQs

FAQs

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