Private Limited Company Annual Filing and Other Compliances
Private Limited Company Annual Filing refers to annual return of Private Limited as per Companies Act 2013. Other related compliance for Private Limited are statutory filing for TDS, GST, Income Tax and other filing as applicable as per the nature of Private Limited business.
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In order to ensure that your incorporated Private Limited Company (Pvt. Ltd) runs effectively, there are certain Private Limited Company Annual Filing and other compliances which need to fulfill as and when arises. For effectively, efficiently and economically running of company, statutory compliance need to fulfill timely, timely compliance ensure saving in unnecessary and unproductive expenditure in terms of penalty, late fees fine, interest etc.
Private Limited Company Annual Filing and other Compliance are broadly categorized in three category; one is Annual Compliance, Monthly / Quarterly statutory Compliance and another is event based Compliance.
Private Limited Company Annual Filing are such return and forms which need to file annually irrespective of the fact whether any business activity carried on during the year or not. Such Annual Compliance are required to be filed in the form of return which has predetermined dates to be met. All filings need to be done on MCA Portal.
Monthly / Quarterly Statutory Compliance are such returns and forms which need to file on monthly / quarterly basis if the Private limited company also has registered GST Number; TAN number for TDS return filings; PF and ESI registered entity to fulfil labour law compliances.
Event based compliances are such return and forms which need to file as and when any event arises such as Change in Registered office Address, Resignation / removal of Partner, Addition / Admission of new Partner, any other event etc.
Certain Private Limited Company Annual Filing and other compliance as required to be fulfill are:
| Private Limited Company Annual Filing Compliance | |||
| Form – AOC-4 | Annual Return of Private Limited Company | It cover Consolidated Financial Statement comprises of Profit & Loss and Balance Sheet | Within 30 days of Annual General Meeting |
| Form – AOC-4 XBRL | Annual Return of Pvt Ltd in Xbrl form | It cover consolidated financial statement in xbrl form mandatory for those companies having turnover exceeding INR 100 Crores or Paid up capital of INR 5 Crore or more. | Within 30 days of Annual General Meeting |
| Form – FC-4 | Annual Return of Foreign Company | This form is required to be filed by all Foreign Private Limited Companies established in India | |
| Form – MGT-7 | Annual Return of Private Limited Company | It covers annual return with details of Board meeting of Private Limited Company | Within 60 days of Annual General Meeting |
| Income Tax Compliance | |||
| ITR-5 | Income Tax Return | If Tax Audit of financial statement is not required | 31st July |
| ITR-5 | Income Tax Return | If Tax Audit of financial statement is required | 30th September |
| ITR-5 | Income Tax Return | If Company involves in international transaction with associated enterprises and Transfer pricing report need to be filed | 30th November |
| 3CB-3CD | Income Tax Audit Report | Tax Audit is mandatory if turnover exceed INR 1 Crore | 30th September |
| 3CEB | Income Tax Transfer Pricing | Transfer Pricing report is mandatory if Company involves in international transaction with associated enterprises | 30th November |
| GST Compliance (if Private Limited Company also has valid GST number) | |||
| GSTR-9 | GST Annual Return | Annual Return need not to be certified and audited by Chartered Accountant | Refer GST section |
| GSTR-9C | GST Annual Reconciliation statement | GST Annual Reconciliation Statement need to be audited and certified by a Chartered Accountant | Refer GST section |
Certain Monthly / Quarterly Compliances required to be fulfil by Private Limited Companies are:
| GST Compliance (if Private Limited Company has valid GST number) | |||
| GSTR-3B | GST monthly summary | It comprises of monthly summary of GST on sales and purchases | 20th of every next month |
| GSTR-1 | GST monthly | It comprises of monthly invoice wise details of sales along with debit and credit note | 10th of every next month |
| GSTR-1 | GST quarterly return | If entity adopt for filing quarterly statement, it comprises of quarterly invoice wise sales along with debit and credit note | Before 30 days from the end of quarter |
| TDS Compliance (if Private Limited Company has valid TIN and entitle to deduct and deposit TDS) | |||
| 24Q / 26Q / 27Q | TDS Quarterly returns | 24Q refers to TDS deducted and deposited on employees. 26Q refers to TDS deducted and deposited on all parties except employees and foreign parties 27Q refers to TDS deducted and deposited on Foreign parties | Before 30 days from the end of quarter |
| PF and ESI Return (if Private Limited Company has valid PF and ESI registered entity) | |||
| PF & ESI Return | PF and ESI monthly return | This contains details of employer and employee contribution mapped with the challan deposited | Before 15 days from the end of month |
Certain event based compliance as required to be fulfilled by Private Limited Company are:
| Form- ADT-1 | Form for Auditor appointment | This form is intimation to registrar for appointment of Auditor | Within 30 days of Auditor appointment |
| Form – ADT-3 | Form for Auditor resignation | This form is intimation to registrar for resignation of auditor | Within 30 days of Auditor resignation |
| Form – DIR-3 | Form for DIN | This form is allotment of Director Identification Number (DIN) before appointment of Director | As per requirement |
| Form – DIR-12 | Form for Director Appointment | This form is for appointment of Directors and Key Managerial Person (KMP) | Within 30 days of appointment |
| Form – DIR-11 | Form for Director Resignation | This form is for resignation of Directors and Key Managerial Person (KMP) | Within 30 days of resignation |
| Form – DIR 3 KYC | Form for KYC of Director | This is annual requirement to establish KYC of active director | On or before 30th Sept every year |
| Form – MSME | For outstanding payment to MSME | This is half yearly form required to declare the outstanding payment to MSME | As per requirement |
| Form – FC-2 | For Foreign Company | This form is required to be filed by Foreign Company for intimating alteration in registration documents filed | As per requirement |
| Form – FC-3 | For Foreign Company | This form is required to be filed by Foreign Company indicating annual account and list of all places of business established in India | As per requirement |
| Form – FC-1 | For Foreign Company | This form is required to file the information to Registrar by all Foreign Companies incorporated in India | As per requirement |
The dates provided herein are the statutory dates, these might be change, during last hour considering the status of Return filed, and respective department might increase the date for return filings. We advice our clients well before time for all Private Limited Company Annual Filing and other Compliance.
With the ever changing Law and regulatory requirements, we keep on track and advise the same on timely manner in order to ensure proper compliance relating to Private Limited Company Annual Filing. We at ReturnFilings.Com will understand the purpose of your compliance for Private Limited Companies in India and thereafter will provide you detailed analysis mentioning the law requirement and compliance need to fulfill in order to operate it economically and efficiently. We at ReturnFilings.Com will provide you details of complete Private Limited Company Annual Filing and other Compliances in order to ensure proper smooth and timely compliance. We at ReturnFilings.Com are determinate to provide end to end solution; our motto is you concentrate on your business while we at ReturnFilings.Com will take care of all your compliance need.