Every private limited company, Public limited company, one-person company and Limited Liability Partnership (LLP) need to do annual ROC and other compliances every year, this compliance is mandatory in nature and if we avoid these compliances then need to pay heavy penalties which can be avoided if we do these compliances on time. Various Types of compliance need to be done for companies and LLPs and details below.

Private Limited Company need to do compliances under Income Tax Act, under companies act and various another act.

Compliances Under Companies Act 2013

Every company need to do mandatory compliances under companies Act as list below.

• Statutory Audit under Companies Act 2013
• Filing of annual return in Form MGT-7 and submission of annual accounts in Form AOC-4
• Auditor appointment through Form ADT-1
• Director KYC compliance (annual requirement)
• DPT-3 filing for loans and deposits taken by company
• MSME-1 compliance filing

Some Event based compliances also need to be done in the following cases.

• Appointment and resignation of directors
• Increase of authorized share capital
• Change of registered office address

Compliances Under Income Tax Act 1961

Every company need to do compliances under Income Tax Act as below.

• Timely filing of Income Tax Returns before due date
• Transfer Pricing audit and documentation (where applicable)
• Tax Audit by Chartered Accountant (if applicable)
• Complete TDS compliance:
  • Timely TDS payments
  • Quarterly TDS return filings

Compliances Under Other Act

• Professional Tax compliances (PTRC and PTEC).
• PF Compliances if applicable.