Annual filing for private limited company

Annual filing for private limited company services provided at K M Gatecha & Co LLP:

• Preparation of documents,
• Collection of documents,
• Preparation and filing of ROC form AOC4, MGT7 and ADT-1,
• Submission of forms,
• Finalization of returns,
• Submission of returns,
• Receipt of acknowledgment,
• Reply to queries from ROC and relevant authorities,
• Completion of filing.

Process of Annual Filing of private limited companies:

• Collection of documents,
• Auditing Financial statements and other documents,
• Finalizing and filing Income Tax returns,
• Preparation and submission of Forms,
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Annual filing compliances for Private limited companies:

• Income tax returns:
  • To be filed before 30^th September after the end of financial year (i.e., 30^th September,2022 for FY 2021-22).
• MCA form AOC-4:
  • To be filed before 30^th November after end of financial year.
• MCA form MGT-7:
  • To be filed before 31^st December after the end of financial year.
• MCA form ADT-1:
  • To be filed within 15 days from appointment of auditor.

Documents required for annual filing for Private limited company services:

• Income tax returns:
  • PAN card,
  • Class 2 digital signature certificate of Director.
• Form AOC-4:
  • Audited financial statements,
  • Conclusions of Annual General Meeting,
  • Board resolutions during the financial year,
  • Details of auditors,
  • Balance sheet,
  • Profit and loss statement,
  • Directors’ report,
  • Auditors’ report.
• Form MGT-7:
  • Company PAN card,
  • Details of primary business activities of company,
  • Details of Holding, subsidiary, Joint venture, and associate companies,
  • Number of members, promoters, and debenture holders,
  • Copy of MGT-8 if paid up share capital is of 10 crores or more, or turnover is of 50 crores or more.
• Form ADT-1:
  • Board resolution copy,
  • Written consent of Auditor,
  • Certificate from auditor showing that he/she is not disqualified.

Mandatory processes for annual filing of private limited companies:

• Accounting:
  • Proper procedures and methods of accounting have to be followed for proper annual filing of private limited companies.
• Statutory Audits:
  • It is mandatory for private limited companies to get their books of accounts audited by practicing Chartered accountant.
  • The audited reports are mandatory for filing of AOC-4 and to be presented if asked for by the authorities after income tax returns filing.
• MAT audit:
  • Private limited companies are required to get their account audited under MAT (minimum Alternate Tax),
  • A report has to be issued by a practicing Chartered accountant under form 29B stating that MAT has be calculated in compliance with the Income Tax Act,1961.
• Income Tax Audit:
  • All private limited companies have to get the income tax audits done as per Section 44B of Income Tax act,1961.
• ITR filing:
  • ITR of private limited companies has to be filed before 30^th September following the financial year,
  • No forms or annual filing can be done without filing Income Tax Returns.