Private Limited Company Annual Accounts, Return, Tax

1. Compliance Requirements for Private Limited Company

The most important compliance requirements are listed as below:

  • Maintain Proper Books of Accounts
  • Get your Private Limited Company accounts Audited by Chartered Accountant – Statutory Audit
  • File Private Limited Company Income Tax Return – Form ITR 6
  • Get Private Limited Company Tax Audit done by Chartered Accountant,  if turnover exceeds 50 lakhs for services and 2 crores for other business
  • Deduct TDS under various categories, if applicable -  Get TAN, Deposit TDS monthly, File Quarterly Returns, Issue TDS Certificates where required
  • Charge Service Tax (if turnover exceeds 9 lakhs annual) – Register, Deposit tax, File half yearly/annual returns
  • VAT (if applicable and if turnover exceeds 19 lakhs annually)
  • Enroll for GST if applicable
  • File GST Returns after implementation
  • Payroll TDS (if salary more than Rs. 2,50,000/- p.a.)
  • Payroll Form 16 (annual)
  • Payroll Professional Tax (differs for each state) (none for Delhi) -Registration, Deduction, Deposit, Return

2. Annual ROC Compliance for Private Limited Company

A Private Limited Company has to file annual returns with the Registrar of Companies (ROC) listed as below:

  • Form ADT-1 (appointment of auditor)
  • Form MGT-7 (Statement of Disclosure of Shareholders and Directors)
  • Form AOC-4 (Annual Accounts of Companies before 30th October every year)
    • Profit and Loss Account
    • Balance Sheet
    • Cash Flow Statement (Not required for small co.s)
    • Statement of changes in equity

3. Private Limited Company Taxation

For AY 2017-18, tax rate for a private limited company is 30%. If turnover or gross receipt of the company does not exceed Rs. 5 crore, then tax rate is 29% There is a surcharge of 7% or 12% (depending on turnover) on the tax amount. Further, there is an education cess and secondary and higher education cess of 3% on tax and surcharge amount. Provisions of MAT also apply.


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For a detailed advice, you can contact or visit is an online portal for Income Tax and ROC Compliance including Registration and Annual Filings for Limited companies like OPC, Private Limited, LLP.  All taxation and audit matters are handled by Chartered Accountants.


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