Annual Filing in Kollam

Every company registered in India must file the annual reportto the income tax department every year. This is one of the mandatory compliances for the companies registered in India. Irrespective of the turnover or the capital of the company, it is a mandatory procedure to follow and comply with all the rules.

Besides, the annual filing itself is a taxing process. So, it is better to take professional help to manage and comply with all the legal regulations in India. We, SV Consultant can assist you with income tax filing in Kollam and simplify the process for you. We are professionals acquiring several years of experience in Income tax filing.

Which companies are required to file annual return?

All companies ranging from Private limited, limited company, one-person company and Section 8 company aka Non-profit Organisation should report the annual filing in Kollam with the income tax offices in Kollam.

Before the annual filing in Kollam, the companies should audit the compliances and check whether all the information provided are accurate by examining the bank balance sheets, financial statements and bookkeeping records.  The companies should hold board meetings to discuss and prepare the financial statements.

The company should also report the change in shareholding structure, change in Directorship of the company and also the holding securities.

How do I file an annual report?

The annual filing in Kollam can also be reported through the online portal of the income tax e filing in Kollam. During the annual filing in Kollam, it is also mandatory to file the Director KYC regardless of the number of directors in the company.

How to do Director KYC?

While this Director KYC is itself a separate procedure, every Director of the company should hold a DIN (Director Identification Number). The DIN is provided to all those who are the Directors of the company but not limited to foreign nationals.

To file the Director KYC, DIR 3 KYC form needs to be filed by every director of the company. If the DIR 3 KYC is not filed, penalties are imposed and might lead to deactivating DIN which indicates the person is no longer the Director of the company.