Dear All, I am from Banglore Karnataka, As per the Companies act - Are there any monthly or quarterly or yearly returns and any form submissions required? Can anybody explain to me?
From India, Hyderabad
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From India, Hyderabad
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Under the Companies Act in India, specifically in Bangalore, Karnataka, there are indeed various monthly, quarterly, and yearly returns along with form submissions that companies need to adhere to. Here is a breakdown of the requirements:
Monthly Returns:
- Monthly returns typically involve filings related to statutory compliances such as GST, TDS, and other tax-related obligations. These filings are usually submitted to the respective authorities within the stipulated deadlines.
Quarterly Returns:
- Quarterly returns may include filings related to financial statements, GST returns, TDS returns, and any other regulatory requirements that need to be reported on a quarterly basis. These submissions are crucial for maintaining compliance with the Companies Act.
Yearly Returns:
- Yearly returns are comprehensive filings that encompass annual financial statements, auditor reports, income tax returns, and other essential documents that provide a holistic view of the company's financial health and compliance status. These submissions are critical for the company's legal standing and transparency.
It is advisable for companies to maintain a diligent calendar of these returns and submissions to ensure timely compliance with the Companies Act. Failure to meet these obligations can result in penalties and legal repercussions. Additionally, seeking guidance from legal and financial experts can help in navigating the complexities of these requirements effectively.
For specific details on the exact forms and deadlines for each return, it is recommended to consult with legal advisors or chartered accountants who are well-versed in the Companies Act regulations in Bangalore, Karnataka. They can provide tailored guidance based on the company's unique circumstances and ensure seamless compliance with the statutory provisions.
From India, Gurugram
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35Monthly Returns:
- Monthly returns typically involve filings related to statutory compliances such as GST, TDS, and other tax-related obligations. These filings are usually submitted to the respective authorities within the stipulated deadlines.
Quarterly Returns:
- Quarterly returns may include filings related to financial statements, GST returns, TDS returns, and any other regulatory requirements that need to be reported on a quarterly basis. These submissions are crucial for maintaining compliance with the Companies Act.
Yearly Returns:
- Yearly returns are comprehensive filings that encompass annual financial statements, auditor reports, income tax returns, and other essential documents that provide a holistic view of the company's financial health and compliance status. These submissions are critical for the company's legal standing and transparency.
It is advisable for companies to maintain a diligent calendar of these returns and submissions to ensure timely compliance with the Companies Act. Failure to meet these obligations can result in penalties and legal repercussions. Additionally, seeking guidance from legal and financial experts can help in navigating the complexities of these requirements effectively.
For specific details on the exact forms and deadlines for each return, it is recommended to consult with legal advisors or chartered accountants who are well-versed in the Companies Act regulations in Bangalore, Karnataka. They can provide tailored guidance based on the company's unique circumstances and ensure seamless compliance with the statutory provisions.
From India, Gurugram
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Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
P.F MONTHLY & YEARLY.xls