A Private Limited company in India is required to comply with various regulations and filing requirements throughout the year. To ensure timely compliance and avoid penalties, it is essential to have a comprehensive annual compliance calendar. The compliance calendar includes monthly ROC (Registrar of Companies) and tax due dates, which are crucial for maintaining the company's active status and avoiding fines.
What are the key compliance requirements for a Private Limited company?
The key compliance requirements for a Private Limited company include filing of annual returns, income tax returns, GST returns, and other regulatory filings. The company must also maintain a register of members, directors, and charges, and ensure that all necessary documents are filed with the ROC and tax authorities.
Monthly Compliance Calendar for Private Limited Companies
| Month | ROC Filing | Tax Filing |
|---|---|---|
| April | Annual Return (MGT-7) due date | Income Tax Return (ITR) due date for companies |
| May | Director KYC (DIR-3 KYC) due date | GST Return (GSTR-3B) due date |
| June | Annual Financial Statements (AOC-4) due date | TDS Return (24Q) due date |
| July | MSME-1 Return due date | GST Return (GSTR-1) due date |
| August | DIR-2 (Director's Disclosure) due date | Income Tax Audit Report due date |
| September | Half-yearly MSME-1 Return due date | GST Return (GSTR-3B) due date |
| October | Annual Return (MGT-7) due date for companies with FY ending on March 31st | TDS Return (24Q) due date |
| November | Active Company Tagging Identities and Verification (ACTIVE) due date | GST Return (GSTR-1) due date |
| December | Annual Financial Statements (AOC-4) due date for companies with FY ending on March 31st | Income Tax Return (ITR) due date for companies with FY ending on March 31st |
It is essential to note that the due dates may vary depending on the company's financial year and other factors, so it is crucial to verify the current due dates and comply with the regulations to avoid penalties.
How to stay compliant with the annual compliance calendar?
- Appoint a compliance officer to track and ensure timely compliance with all ROC and tax filings
- Use a compliance calendar or software to stay updated with due dates and reminders
- Consult with a chartered accountant or company secretary to ensure compliance with all regulatory requirements
Frequently Asked Questions
What is the penalty for non-compliance with ROC filings?
The penalty for non-compliance with ROC filings can range from Rs. 50,000 to Rs. 5,00,000, depending on the nature of the default and the duration of non-compliance.
Can a company file its annual return after the due date?
Yes, a company can file its annual return after the due date, but it will be required to pay a late filing fee, which can range from Rs. 100 to Rs. 600 per day, depending on the duration of delay.
What is the due date for filing the income tax return for companies?
The due date for filing the income tax return for companies is typically September 30th of each year, but it may vary depending on the company's financial year and other factors, so it is essential to verify the current due date.
The bottom line
Compliance with the annual compliance calendar is crucial for Private Limited companies to avoid penalties and maintain their active status. By following the compliance calendar and seeking professional advice, companies can ensure timely compliance with all ROC and tax filings and avoid any potential penalties or fines.
This is general information, not professional advice — confirm the current position for your specific case before acting.
Company & Business Registration
Register your company or LLP end-to-end — from ₹1,999.
Never miss an update
Get GST, Income-Tax, TDS and MCA changes in your inbox.