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Complete Annual Filing & Compliance
Let our CA Experts Start Filing Your Annual Compliance Today! India’s Best CA Panel Ready to Provide 360° Online Assistance for Your Annual Compliances
The Companies Act, 2013 of Indian Govt. legally mandates every entity in the country to follow the declarations of the Annual Compliance. For the Private Limited Companies (Pvt. Ltd.), One Person Companies (OPC), or Limited Liability Partnerships (LLP), Annual Compliance acts as a regular update to the Govt. that the entity is conducting its business under the particular Act.
Process:
- 01
Fill the form & Make the payment
- 02
Share the required documents post CAs consultation
- 03
Our experts will start drafting the requirements
- 04
Finalizing & Filing your Annual Compliance post your approval
Required Document
Pvt. Ltd. Company / One Person Company
- ADT – 1: Auditor Appointment
- AOC – 4: Annual Return Filing (within 30 days of Company’s AGM)
- MGT – 7: Annual Return Filing (within 60 days of Company’s AGM)
- DIR – 3: KYC of the Company Director(s)
- INC – 20A: Declaration for the commencement of business
- Financial statement preparation
- Income Tax Return Filings
Required Documents
- Directors’ Board Meeting minutes
- Profit & Loss Balance Sheet of Pvt. Ltd./OPC
- Conclusions from the Annual General Meeting (AGM)
- Audit report
- Financial statement preparation
- Income Tax Return Filings
Limited Liability Partnership (LLP)
- Form 8: Statement of Accounts
- Form 11: Annual Return of LLP
- Financial statement preparation
- Income Tax Return Filings
- DIR-3 Kyc of the Directors
Required Documents
- Conclusions from the Annual General Meeting (AGM)
- Profit & Loss Balance Sheet of LLP
- Audit report
- DSC of the Partners
- Incorporation documents (PAN Card, Certificate of Incorporation)
Section 8 company
- ADT – 1: Auditor Appointment
- AOC – 4: Annual Return Filing (within 30 days of Company’s AGM)
- MGT – 7: Annual Return Filing (within 60 days of Company’s AGM)
- DIR – 3: KYC of the Company Director(s)
- INC – 20A: Declaration for the commencement of business
- Financial statement preparation
- Income Tax Return Filings
Required Documents
- Directors’ Board Meeting minutes
- Profit & Loss Balance Sheet
- Conclusions from the Annual General Meeting (AGM)
- Audit report
- DSC of the Directors
- Incorporation documents (PAN Card, Certificate of Incorporation)
Public Limited Company
- ADT – 1: Auditor Appointment
- AOC – 4: Annual Return Filing (within 30 days of Company’s AGM)
- MGT – 7: Annual Return Filing (within 60 days of Company’s AGM)
- DIR – 3: KYC of the Company Director(s)
- INC – 20A: Declaration for the commencement of business
- Financial statement preparation
- Income Tax Return Filings
Required Documents
- Directors’ Board Meeting minutes
- Profit & Loss Balance Sheet
- Conclusions from the Annual General Meeting (AGM)
- Audit report
- DSC of the Directors
- Incorporation documents (PAN Card, Certificate of Incorporation)
Nidhi company registration
- ADT – 1: Auditor Appointment
- AOC – 4: Annual Return Filing (within 30 days of Company’s AGM)
- MGT – 7: Annual Return Filing (within 60 days of Company’s AGM)
- DIR – 3: KYC of the Company Director(s)
- INC – 20A: Declaration for the commencement of business
- Financial statement preparation
- Income Tax Return Filings
- NDH -1,2,3 & 4
Required Documents
- Directors’ Board Meeting minutes
- Profit & Loss Balance Sheet
- Conclusions from the Annual General Meeting (AGM)
- Audit report
- DSC of the Directors
- Incorporation documents (PAN Card, Certificate of Incorporation)
Frequently Asked Questions
- Customer support available in 6 languages including English
- Free Annual Compliance Drafting
- Free Consultations – Readily available!
- Free Statutory Audit with Audit Fees
- Point-to-point update for upcoming compliances & requirements
- Call, E-mail, Chat support
- Recommendable service at an unbeatable price
- A panel of 25+ efficient Chartered Accountants who are always prepared to provide you the adequate online assistance.
- Our esteemed CAs will be preparing will handling your accounts personally
- India’s most efficient CA panel
- 360° corporate legal assistance
- Paperless documentation
Get Complete Tax Planning & Consultation
Let the Country’s Most Recommended Tax Consultant panel Analyze, Manage & Help Reduce your Tax Liability following the relevant Income Tax Act’s provisions
Objectives of Tax Planning
Healthy Economical Growth
Proper tax planning helps an individual or organization to save an excessive payable amount of taxes, which is helpful for an economical stability.
Reduction of Tax Liability
The tax planners can professionally structure the ways to minimize the taxable amounts while remaining ethical and within legal boundaries.
Avoiding Legal Issues
Through the expert tax planner’s inputs, an organization or individual can keep away the legal provisions in terms of tax deductions.
Economic Stability
A well designed yearly tax plan ensures all the liable taxes are paid on time, bringing a productive economical status for the particular taxpayers.
Frequently Asked Questions
Tax planning is the legal procedure of reducing the payable tax liabilities in a particular financial year. It includes the course of actions such as managing tax implications, deductible taxes, and a proper planning to identify the amount of tax due. It plays a critical role for the budget efficiency as well.
In the Business Accounting terminology, the Tax Advisors are the financial experts specialized in any Tax-related instances. Be it filing an individual tax or the annual compliance filing for an organization, financial tax consultants play a huge role in tax planning and reducing the payable tax amount while following the Act’s provisions.
For Financial year 2019-20 onwards – Every Director who has been allotted DIN on or before the end of the financial year, and whose DIN status is ‘Approved’, would be mandatorily required to file form DIR-3 KYC before 30th September of the immediately next financial year.
After expiry of the respective due dates, system will mark all non-compliant DINs against which DIR-3 KYC form has not been filed as ‘Deactivated due to non-filing of DIR-3 KYC’.
Our team consists of financial advisors, taxation experts, financial planners, and the qualified CAs, will manage the complete financial affairs of an individual or organization to manage the Tax Planning method.
Further, Aadhaar is mandatory, if it is assigned. If not, then Voter ID or Passport or Driving License shall be attached. Accordingly, copy of any one of the above selected information is to be attached.
- Planning & Preparation of your Tax Returns
- Proper maintenance of tax records and receipts
- Advice on legal issues and formalities
- Arranging & filling out taxation forms
- Communication with taxation authorities
- Calculating the liable tax amounts
- Gathering information from in-house & external sources
- Use of contemporary Technologies
- Keep updating about new regulations
- Complete guidance from the country’s recommended Taxation Experts
- Time-to-time evaluation to Minimize Tax Liability
- Proper communication with the Taxation Authority
- Keep tracking of the Tax Laws and Practices
- Keeping the Clients Compliant with Tax Obligations
- Daily analysis and research on tax litigation
- Helping the clients with proper understanding of regulation
- Preparing various documents and records
- Structuring the financial affairs to minimize tax liability
- Customer Support available in 6 different languages including English
- Quickest Service at an Unbeatable Price
- Call, E-mail, Chat Support
Form DIR-3 KYC can be filed for status ‘Deactivated due to non-filing of DIR-3 KYC’ on payment of fee as above.
If an Individual files form after the due date, he/she will have to pay Rs. 5,000 perform as an additional filing fee. In addition to the above penalty, any wrong information, if any provided in the form, will also liable for penalty under Section 448 and 449 of the Companies Act, 2013. Further, a deactivated DIN means a person cannot act as a Director while his DIN is deactivated and any act done by him/her will be invalid and which might attract various penalties under Companies Act, 2013.
DIR-3 KYC is DIN based, Therefore, if a person is designated partner in LLP such person must have DIN. As such for a person having DIN, it is mandatory for him/ her to file DIR- 3 KYC
Process:
- 01
Fill the form & Make the payment
- 02
Receive the Call from our Specialised Taxation Expert Panel
- 03
Explain your queries to the Tax Expert & submit the details
- 04
The Tax Planners will analyze and conduct an error-free Tax Computation
- 05
We will suggest the Legal & Financial compliances to minimize the Tax Liability
- 05
Finalizing the Tax Planning from your end.
Income Tax Return
File income tax return is a sign that is mandated by the Government of India on individuals who earn a specified amount of annual income must File ITR within the Due Date. This is called ITR Filing Procedure.
Documents Required
Individual / Salaried Person
- Pan card and aadhaar card
- All bank statement
- TDS certificate(form 16-for TDS on salary)
- TDS certificate (form 16a-for TDS on non-salary) like professional fees, rent, interest etc.
Private Limited
- Directors pan and aadhaar card
- Company pan card
- Profit and loss statement
- Balance sheet
- All bank statements
- Investment proofs
- Others
LLP
- LLP pan, address details, date of registration proofs
- Partner pan, aadhaar and address details
- Profit and loss statement
- Balance sheet
- Bank statements
Frequently Asked Questions
Income tax returns or ITR are the tax forms used to declare the details of your income to the Income Tax Department to assess the amount you need to pay as income tax in a financial year.
Every Indian citizen whose gross total income exceeds the taxable limit must file an ITR. This implies, individuals and Hindu Undivided Families (HUFs) with total annual income exceeding Rs. 2,50,000 are required to file the income tax returns. For senior citizens (individuals between 60 years and 80 years of age) the threshold is Rs 3,00,000, and that for very senior citizens (aged above 80 years) it is Rs 5.00,000.
No, it is not mandatory to file an income tax return if your annual income is below Rs 2,50,000.
Further, Aadhaar is mandatory, if it is assigned. If not, then Voter ID or Passport or Driving License shall be attached. Accordingly, copy of any one of the above selected information is to be attached.
There are many advantages of filing ITR online. Some of the benefits are as follows:
- Quick processing: You will get the acknowledgement of ITR promptly. Refunds, if any, are processed faster online than paper-filed returns.
- Accuracy: E-filing software minimizes errors
- Convenience: E-filing facility is available and can be done at your convenience
- Privacy: The data entered by you are safe as they cannot be accessed by anyone
- Record of past ITRs: It is easier to access previous data, should you need them at any time in future.
- Yes, in case of Income Tax Return filing, it is mandatory for every source of income you have to maintain proof of earning as specified under the Income-tax Act 1961.
The ITR file online or Income tax e filing is comparatively easy. To file income tax online; a few documents are only required. If you search how to apply for itr, the e return filing will be shown as an easier process.
There is no relaxation if a taxpayer faces late filing of returns in such cases penalty would be levied on:
- Delay in Filing: Interest imposed u/c 234 Income Tax Interest where a penalty is levied 1 % on the outstanding tax amount and must be paid from the first day after the due date of filing the return until the date of the actual filing of the return.
- Refunds could Delay: If you are likely to get a refund from the government for excess in payment. Then you must file your income tax return before the due date.
Process:
- 01
Submit your details and proceed for payment.
- 02
You will get a call from our Tax Expert.
- 03
Documentation done by our online ITR filing expert team
- 04
Error-free online ITR file computation is done by our expert.
- 05
Confirmation of details and filing for returns.
- 06
File the ITR and provide the acknowledgement.
Complete Tax Audit Assistance
Break the Barriers! Get Professional Aid & Hands-On Guidance on your Taxation Audits to Legally Save your Hard-earned Money
Importance of Tax Audits
Proper Maintenance of Transactions
Tax Audit requires the updated data of every day transactions and financial records that helps in effortlessly maintaining the financial affairs’ records
Reduces Fraudulent Tax Practices
Through properly managed and calculated Tax Audits, the chances of facing any taxation frauds get reduced
Appropriate Cash Flow Management
In the process of Auditing the Taxations, the concerned Individual or Business Venture can track the total income and financial claims from the marketplace in a proper manner
Time Saving
While conducting the Tax Audit in a proper manner, a business organization will make the process easier for the country’s taxation regulatory board and saves a lot of time by eliminating the administrative hassles
Legal Facilitation
Income Tax Audits are the credentials that can be used to any Assessing Officials or the Regulating Authorities and getting the beneficial Govt. schemes
Frequently Asked Questions
By the definition, Tax Audit refers to the Financial Procedure of verifying the Tax Returns filed by an Individual or Business Entity. In this process, the concerned individual’s entire records of the Taxation Filings are reviewed, checked and scrutinized accordingly.
In India, the Tax Audit related matters are overseen by the provisions of the Income Tax Act, 1961. The notable sections for Tax Audit-related matters are likely – Section 44 AB, Section 44 AD, and Section 44 AE.
As per the Legal Provisions, the Audit Reports can only be prepared by a Registered Chartered Accountant (CA) who is not associated with the particular Individual or the Business Entity.
Due Date for Conducting Tax Audit
Any Business Individual or Entity falls under Section 44AB required to to get their Accounts Audited and get the Audit Report on or before 30th September for the corresponding Financial Year
Penalties for Non-Compliance of Tax Audit
As per the Income Tax Act, 1961, the non-compliance of Tax Audit would lead to Penalty of whichever is lower form the followings –
- 0.5% of the total Sales amount or Annual Turnover or Gross Receipts
- Rs. 1,50,000
Process:
- 01
Fill the Form and Make the Payment
- 02
Get a Call from our In-House CAs & Taxation Experts
- 03
Submit the Documents, and Records as Requested
- 04
The CAs will Analyze, and Begin with the Tax Audit Process
- 05
Following the Completion of the Tax Audit, we will get your Approval for the same
- 06
Finalised and Approved Tax Audit report will be submitted to the Income Tax Department
Online Accountant
India’s Most Trusted & Professional Online Accounting Services for Your Business
We understand that as your business expands, the volume of accounting work is likely to increase. In this situation, you may need some additional assistance to maintain your strategic financial data on fingertips and make sure that you utilize your cash flow optimally. We, at Online Legal India, provide an expert, dependable and proficient virtual accounting services to small businesses, CPA’s, CFO’s, non-profit organizations, entrepreneurs, and individuals across the globe.
Dedicated Accountants/CA/Hr
Excellent Customer Support
Trust & Data Security
Online Bookkeeping
Let India’s Recommended Accountants Organize, Prepare and Analyze your Financial Transactions | Easy & Quick Cloud-based Bookkeeping Procedure
Required Documents for Bookkeeping
- Bank Deposit Slips / Book(Bank statement Details)
- Purchase and Sales Details or invoices
- All Credit and Debit notes
- All Cash Challan Details
- Trust Accounts Bank Statements with Cancelled Cheques
- Credit card statements and receipts
- General accounts Bank Statements with Cancelled Cheques
- Cash Expense (out-of-pocket expenses)
- Merchant Accounts Statements (in case of accepting client’s credit card)
Frequently Asked Questions
Bookkeeping is a concept of the modern accounting process maintaining data of financial transactions that include sales, purchases, receipts, and payments. It is used to Record, Analyze, and Prepare financial transactions, statements on a daily basis of a business entity. It is a set of corresponding entries that abide by the rules of GAAP (Generally Accepted Accounting Principles).
The Bookkeeping process is essential for any Business Entity or Personnel registered under the Taxation and the Company Registrar of the Indian Govt.
- Engineering Firm
- Legal Firm
- Entertainment Industry / Production House
- Medical / Pharmaceutical Entity
- Technical Consultancy
- Small Finance Group
- Company Secretary
- BPO / Consultancy Services
- Food Business Entities
- Electronics Manufacturers
- Insurance Companies
- Asset Reconstruction Company
- Payroll Management Services
- Easier Audit Process
- Better Tax Prediction and Filing
- Financial Management
- Enhanced Cash-flow status
- Complaint with the Law
- Profit and Growth Tracking
- Decision Making Process