How to Choose the Right Advisor ?

Business ITR Without Tax Audit

​The dictionary meaning of the term "audit" is check, review, inspection, etc. There are various types of audits prescribed under different laws like company law requires a company audit, cost accounting law requires a cost audit, etc. The Income-tax Law requires the taxpayer to get the audit of the accounts of his business/profession from the view point of Income-tax Law.

  • All the companies doing business in India are required to file certain documents with the government authorities according to the requirements of the Companies Act of 2013.
  • many smaller entities tend to skip this altogether, it can lead to heavy fines from the Registrar and even to the blacklisting of the company’s directors.

Process for filling anual return of a company.

All companies are required to file returns at the end of the financial year. Both small and large companies need to follow the same procedure.

Maintaining Book of Accounts:

The Companies Act, 2013, makes it mandatory for companies to maintain the books of accounts in a specific format. It is also important for companies to maintain the books of accounts to have control over the business.All company accounts must hold the following information.
  • A detailed summary of all money received and spent by the company
  • An account of all sales and purchases
  • A summary of current assets and liabilities
  • Any other financial transactions, such as payment of salaries

Conducting Annual General Meetings:

An AGM is a mandatory annual gathering of a company’s interested shareholders. At the AGM, the directors of the company present an annual report, which contains information for shareholders about its performance and strategy.

Appointing an Auditor:

Every company has to appoint an auditor with the first month of the company’s registration. The following persons/entities cannot be appointed as the auditor of the company:

  • A corporate body
  • An officer or employee of the company.
  • A person who is a partner or director of the company.
  • A person who is indebted to the company.

File Returns Annually

Once the AGM is complete and the audited financial statements are adopted by the company, the returns must be filed with the Registrar. The filing of the audited financial statements in the format prescribed by the Ministry of Corporate Affairs is called the filing of the annual returns of a company.

Legal hans news

Documents Required For Pvt Ltd Company return

As a part of Annual Filing, companies incorporated in India including subsidiaries of foreign companies, joint venture companies and others, under the Companies Act, 2013 and 1956 are required to file the following documents

  • Balance Sheet
  • Profit & Loss Account
  • Annual Return
  • Compliance Certificate

Why Choose legal hans

Accurate & Secure

Legal HANS secure your efilling portal data.Our servers are locked down and guarded.Legal HANS use the 100% encryption and keep the automatically backup of your valuable data.

Save Your Time

While many tax sites get slow and make procedures like e-filing cumbersome, Time is precious and the outcome in needed so the Legal HANS is here to provide the results as quick as possible.

Live Tax Support

Legal HANS provide the 24 hours live tax support. Our help tips & free live chat facility at all the points where you might get stuck, helps you file your taxes with confidence.

At Your Convenience

Get your taxes done from anywhere at anytime. Seamlessly switch between any device and securely pick up right where you left off when it's convenient for you.