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Statutory Registers & Records Companies Act, 2013 Applicable to Private Limited Companies Important Compliance Note: Every company is required to maintain statutory registers and records prescribed under the Companies Act, 2013. Failure to maintain these records may attract heavy penalties, prosecution and disqualification consequences. A. Members & Shareholders Registers # Register Section Contents Penalty 1 Register of Members (MGT-1) Sec. 88 Member details, shares held, allotment, calls, lien and nomination. Company ₹50,000–₹3,00,000; Officer ₹50,000–₹1,00,000 2 Index of Members Sec. 88(3) Mandatory if members exceed 50. Same as Sec. 88 3 Register of Debenture Holders (MGT-2) Sec. 88 Details of debenture holders and subscriptions. Company ₹50,000–₹3,00,000 4 Foreign Register of Members Sec. 88(4) Maintained outside India where applicable. Same as Sec. 88 5 Register of Significant Beneficial Owners (SBO) Sec. 90 ...

STATUTORY COMPLIANCE CALENDAR Important Note: Due dates are based on applicable statutory provisions and are subject to amendments, notifications, circulars, and extensions issued by CBDT, GST Council, MCA, EPFO, ESIC, and other authorities. Verify due dates before filing. 1. Income Tax Act, 1961 S.No. Compliance Frequency Due Date Remarks 1 TDS Deposit (Salary & Non-Salary) Monthly 7th of following month (March: 30 April) Sec. 192–194 2 TDS Return Form 24Q (Salary) Quarterly Q1-31 Jul, Q2-31 Oct, Q3-31 Jan, Q4-31 May Salary TDS Return 3 TDS Return Form 26Q (Non-Salary) Quarterly Q1-31 Jul, Q2-31 Oct, Q3-31 Jan, Q4-31 May Non-Salary TDS Return 4 Advance Tax - 1st Instalment Annual 15 June 15% of Tax Liability 5 Advance Tax - 2nd Instalment Annual 15 September 45% Cumulative 6 Advance Tax - 3rd Instalment Annual 15 December 75% Cumulative 7 Advance Tax - 4th Instalment Annual 15 March 100% Tax Liability 8 Tax Audit Report (Form 3CA/3CD) Annual 30 Septe...

Filing Income Tax Returns: A Data-Driven Reality Accuracy is now just as vital as compliance in the age of AI. Filing an income tax return has evolved from merely reporting income into a comprehensive data-matching exercise. As tax scrutiny becomes increasingly transparent, understanding how your data is tracked is crucial. 🚨 Why Tax Scrutiny is on the Rise The Income Tax Department is transforming its assessment methodologies by leveraging technology extensively. The process is now substantially data-centric and relies far less on random selection: Tax authorities are sharpening their use of artificial intelligence, data analytics, and multi-source information gathering. Returns are routinely cross-verified against the Annual Information Statement (AIS) , Form 26AS, TDS records, capital gains statements, bank interest reports, and GST filings. The government has expanded visibility into financial transact...