Tax Compliance

Every registered business in India – whether it is a Private Limited Company, One Person Company, LLP, Partnership, or Proprietorship – must follow certain tax compliances as per the Income Tax Act, 1961 and GST laws.

Staying compliant with tax regulations helps avoid penalties, interest, and legal notices from the Income Tax Department or GST authorities.

What is Tax Compliance?

Tax compliance means timely payment of taxes and filing of statutory returns such as:

• Income Tax Returns (ITR)

• Tax Deducted at Source (TDS) Returns

• Goods & Services Tax (GST) Returns

• Advance Tax

• Tax Audit Reports

It ensures your business remains legally transparent and eligible for government benefits.

Major Tax Compliances for Businesses

1. Income Tax Return (ITR) Filing

• Companies (Pvt Ltd, OPC, LLP, Partnership): Must file annual ITR even if no income/turnover.

• Forms: ITR-5 (LLP/Partnership), ITR-6 (Companies)

• Due Date:

  • Companies/LLPs – 31st October (with audit)

  • Non-audited entities – 31st July

• Penalty: ₹1,000 to ₹5,000 + interest under section 234F

2. Tax Audit (Form 3CA/3CB & 3CD)

• Mandatory if:

  • Turnover exceeds ₹1 crore (business) or ₹50 lakh (profession)

  • OR if profit is less than 6%/8% of turnover under presumptive scheme

• Due Date: 30th September

• Penalty: 0.5% of turnover (max ₹1,50,000)

3. TDS (Tax Deducted at Source) Compliance

• Every company/LLP deducts TDS while paying salaries, contractors, rent, interest, etc.

• TDS Return Forms:

  • 24Q – Salary

  • 26Q – Non-salary domestic payments

  • 27Q – Payments to NRIs

• Due Dates for TDS Returns:

  • Q1 (Apr–Jun): 31st July

  • Q2 (Jul–Sep): 31st October

  • Q3 (Oct–Dec): 31st January

  • Q4 (Jan–Mar): 31st May

• TDS Payment Due Date: 7th of next month

• Penalty: ₹200/day under section 234E + penalty under section 271H (₹10,000 – ₹1,00,000)

4. GST Compliance

• GST Registration: Mandatory if turnover exceeds ₹40 lakh (goods) / ₹20 lakh (services)

• GST Returns:

  • GSTR-1 (Outward Sales) – 11th of next month

  • GSTR-3B (Summary Return) – 20th/22nd/24th of next month

  • GSTR-9 (Annual Return) – 31st December

  • GSTR-9C (Audit Report) – 31st December (if turnover > ₹5 crore)

• Penalty: ₹50/day for late filing (₹20/day for NIL return) + interest @18%

5. Advance Tax

• Applicable if annual tax liability exceeds ₹10,000

• Paid in 4 installments:

  • 15% by 15th June

  • 45% by 15th September

  • 75% by 15th December

  • 100% by 15th March

• Penalty: Interest under sections 234B & 234C

6. Professional Tax (State-wise)

• Applicable in states like Maharashtra, Karnataka, Telangana, etc.

• Paid monthly/annually depending on state rules

• Penalty: Varies state-wise

7. Equalisation Levy / International Transactions (If applicable)

• For companies dealing with cross-border transactions, Google/Facebook Ads, or international services

• Due Date: 30th June

Tax Compliance Calendar (Summary)

Why Choose Us for Tax Compliance?

• All-in-one tax compliance service – GST, ITR, TDS, Advance Tax

• Timely reminders for due dates

• Expert CA/CS team for accurate filings

• Avoid penalties & interest with proper planning

• End-to-end online filing – quick & hassle-free