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Company ITR & Annual ROC Filing

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Companies registered in India need to file an annual report with the Registrar of Companies (ROC) and Income Tax department after the finalisation of financial statement on 31st March every year. The due date of Company ITR is 30th September. For the financial year 2018-19 the due date is 30th September 2019.

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Company Annual Compliance

Company Annual Compliance

A Private Limited Company is required to keep and maintain proper books of account, records, registers and minutes of the meeting. At the same time, after the end of the financial year the company has to file company annual return to the ROC and Income Tax Department. For a company which is incorporated prior to 31st December of 2018, both the ROC Returns as well as ITR is applicable. However, for companies incorporated after 1st Jan 2019, only ITR is to be filed for the FY 2018-19. We are here to help you for ROC Filing procedure, call us to understand annual filing for private limited companies.

Filing of DPT-3 for Private Companies

Annual ITR and ROC Filing Pricing

2,950/-
0-10 Transaction - ITR Only
  • Accounting
  • Drafting of Financial Statement
  • Tax Consultation with CA
  • Computation of Income Tax
  • Tax Payment Assistance
  • Filing of Income Tax Return
  • Pay Later Tax & ROC Fee on Actual
Get Started Now
8,950/-
0-10 Transactions - ITR & ROC
  • Everything of ITR Pack +
  • Audit Report of the Company
  • Drafting of Notice and Director Report
  • Filing of ADT-1 Form to ROC
  • Filing of AOC-4 Form to ROC
  • Filing of MGT-7 Form to ROC
  • Pay Later Tax & ROC Fee on Actual
Get Started Now
13,999/-
11-40 Transactions - ITR & ROC
  • Everything of ITR Pack +
  • Audit Report of the Company
  • Drafting of Notice and Director Report
  • Filing of ADT-1 Form to ROC
  • Filing of AOC-4 Form to ROC
  • Filing of MGT-7 Form to ROC
  • Pay Later Tax & ROC Fee on Actual
Get Started Now

Annual Filing of Company: ITR and ROC Annual Filing
Follow below steps in systematic order

Finalise your Books of Account

Finalise your Books of Account

Every company is obligated under section 128 of The Companies Act to prepare and keep at its registered office proper books of account. At the end of the FY the financial statement is prepared in form of Balance Sheet and Profit & Loss A/c.

Prepare Computation of Income Tax

Prepare Computation of Income Tax

After finalisation of the account, a computation of income tax is prepared as per the provisions of the income tax act, after taking credit of TDS and advance tax already deposited. The end result of the computation is either tax payable or refund.

Pay Income Tax & File ITR

Pay Income Tax & File ITR

Pay Income tax for the financial year in challan 280 and file an Income Tax Return in Form Number ITR-V. The due date of filing the Company Income Tax Return is 30th September. Thus for the FY 2018-19 the due date is 30th September 2019. Digital Signature is mandatory for ITR.

Statutory Audit of the Company

Statutory Audit of the Company

The Balance Sheet & Profit and Loss Account of the company is audited by the Statutory Auditor of the company. The auditor in its report has to express his independent opinion whether the books of accounts of the company reflects the true and fair view of its state of affairs.

Notice of AGM & Director Report

Notice of AGM & Director Report

The annual general meeting (AGM) is held within 180 Days of the end of the FY. However, for a newly incorporated company the first AGM can be held upto 31st December. For the purpose of AGM A notice and directors report is drafted as per the Companies Act, 2013.

File ADT-1 ROC Form after AGM

File ADT-1 ROC Form after AGM

One of the main purposes of the AGM is to appoint or reappoint statutory auditor of the company for the next audit period. The decision taken in AGM relating to appointment of auditor of the company is reported in Form ADT-1 within 15 days of the conclusion of AGM for the company.

File Financial Statement in Form AOC-4

File Financial Statement in Form AOC-4

The annual financial statement report of the company is filed with the ROC within 30 days of the AGM. The Balance Sheet, Profit and Loss Account and Auditors Report is filed in form AOC-4 with prescribed ROC Filing Fee. The late filing is allowed with an additional fee of Rs. 100 for each day of delay.

File Annual Return of Company in MGT-7

File Annual Return of Company in MGT-7

Within 60 days of the AGM, the company's annual return filed in Form MGT-7. This is an annual report to the ROC about overall corporate standing of the company with details of changes of directors and shareholding details. The late filing is allowed with an additional fee of Rs. 100 for each day of delay.

Frequently Asked Questions

1. Whats is the punishment for not maintaining the books of account?

The failure in complying with the requirement of preparing and maintaining the books of account of the company at the registered address results in Imprisonment of one year or with fine which shall not be less than 50,000 but may extend to 5,00,000.

2. Can i file belated Income Tax Return for the Company?

In case the company could not file the ITR within its due date then still the ITR can be filed with penalty ranging from Rs. 1,000/- to 10,000/-. However, late filed ITR is known as belated return. In case of belated ITR no loss of business or accumulated depreciation can be carried forward. It may be noted that the late ITR can be filed only upto 31st March of the assessment year.

3. My company has no transaction, do I still have to file ROC Returns and ITR?

Yes, every company which is registered under the companies act must file the annual roc return and ITR within its due date. However, for newly incorporated companies, there is some relaxation on time of holding the AGM. To help companies with NIL or up to less than ten transactions during the financial year, we have straightforward pricing.

4. What are the documents required for filing ROC Return for the company?

The essential documents are balance sheet, profit & loss account, and audit report for filing the ROC Returns. However, in the annual return of the company information concerning shares, registered address changes of any during the financial year. We would need all ROC filing done during the fiscal year.

5. When and where to conduct the AGM of the company?

The annual general meeting is generally conducted at the registered address of the company. However, an AGM can be held at any other address within the city where the company has its registered address. Please note that the AGM can not be held on a Sunday and public holiday and the best time is from 9:00 am to 6:00 pm.

6. What is the penalty in the company does not file its financial statement with the ROC?

According to 134 of the companies act, 2013, the company shall be fined any amount between Rs. 50,000 to Rs. 25,00,000 depending on case to case basis. Further, every key person in charge, including its directors, may be sent to imprisonment for a term of 3 years or fine between Rs. 50,000 to Rs. 5,00,000 or with both

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