office@charteredchoice.in
File Your Own
OPC Annual Reports
Each One Person Company is required to file annual returns. Comply with OPC ROC
Our Facts and Figures
What you need to Know
What is the Annual Filing of OPC (Office of Personnel Compliance)?
Each company registered in India including limited companies, private limited, section 8 companies, and one-person companies must file an annual return with ROC. OPC must hold an annual meeting and file annual accounts with ROC. Companies Act 2013 states that the financial year must begin on 1st April, and end 31st march. OPC annual filings are a fraction of what is required for a public or private limited company.
The annual return consists of documents and information that includes the balance sheet of the company, the Profit & Loss account, the OPC Compliance certificate, the Registered Office Address of the company, the Register of Members, the Shares and Debentures Details, the Debt Details and Information about the Management. The annual report would also reveal the shareholding structure, Directorship changes and details about transfers of securities.
A company must file three types of forms with the ROC.
- ROC MGT 7 contains information on the shareholding structure and any changes in directorship. It also includes details about the transfer of shares that took place during the year. The deadline for ROC form, MGT 7 is 28th November. The One Person Company is not required to hold an AGM. Therefore, the due date of filing Form MGT 7, shall be 60 Days from the completion 6 months after the end of financial year.
Types TDS Return Forms:
For PARTNERSHIP/Pvt. Ltd. COMPANY
FOR Proprietorship Firm Registration
- ROC AOC4 contains information and annexes relating to Balance Sheet, Profit and Loss Accounts, Compliance Certificates, Registered Office Addresses, Registers of Members, Shares, Debentures, Debt Details, and Information about the Management of the company. The deadline for ROC Form AOC4 is 180 days after the end of the financial period. The due date of AOC 4 to OPC is 27th September. If we count 180 calendar days starting on 1st April.
- The ROC Form ADT1 is submitted for the appointment of auditors. The due date of ROC Form ADT 1 is the 14th October i.e. within fifteen days after AGM.
No
Category Taxpayer
Due Date
1
Business (Not requiring Audit including LLPs and firms)
31/07/2023
2
Association of Persons (AOP)
31/07/2023 (not covered under Audit cases)
3
Body of Individuals (BOI)
31/07/2023 (not covered
under Audit cases)
4
Individual
31/07/2023
5
Businesses (Requiring Audit including Private Limited Companies, OPC, LLPs and firms)
31/10/2023
6
The due date of furnishing Income Tax Return for FY 2021-22 (TP Cases)
31/11/2023
Due Date for furnishing of Audit Report The due date for furnishing an audit report can vary depending on the specific requirements and regulations applicable to the organization.
No
Category Taxpayer
Due Date
1
Audit Report for the Previous Year 2021-22
30/09/2023
2
Audit Report for Transfer Pricing cases
31/09/2023 (with ITR Filing/on orbefore the date of AGM)
3
Belated / Revised Income Tax Return for FY 2021-22
30/11/2023
OPC Annual Reporting
Make your decision easier with these points
Forms
Every year, AOC 4 as well as MGT 7 must be filed. AOC 4 and MGT 7 must be filed every year.
Compliances
A minimum of two board meetings, and at least one annual general assembly are required by an OPC. AGM isn't mandatory, but it's a good idea. Chartered Choice can help you with all of the above.
Penalties
Penalties are imposed for failure to file annual returns by a One Person Company. The penalties are in addition to the normal MCA fees and there is no reduction.
Documents required
MGT 7
AOC 4
Fill out a simple Checklist
Fill out a simple Checklist
A Compliance Manager will contact you from the team Ebizfiling to collect your documents and provide a simple check list for Import Export Code Registration. This checklist must be completed and submitted along with the necessary documents.
Approval
We will proceed to the IEC registration process after verifying all documents. Online, we will fill out Aayaat Niryaat 2A (ANF 2A). Throughout the entire process, you will be kept informed by your Compliance Manager.
IEC Allotment
The Directorate General of Foreign Trade allows you to register an Import Export Code once the documents supporting your application and IEC registration are approved by the Government officer concerned.
5 easy steps
FAQs on Income Tax Returns
What if I don't have Form 16? How do I file a return?
Do not fret about it. You may still file your return. Contact us today and we’ll take care of the rest. You can now file your ITR 1 online with Ebizfiling for 2021-22 at an affordable price
How long should business books be kept?
All books of accounts and documents related to them should be stored at the principal place of business. This is where the business or profession generally takes place. The documents should be kept for at least eight years.
What is the purpose for Form 26 AS?
The Form 26 AS, consolidated tax statement is used to prove the taxes deducted/collected by others on your behalf as well as tax that you have paid directly.
When is the deadline for investing under Section 80C?
The deadline for investments under Section 80C has now been extended until 30th June 2020. This applies to the Financial Year 2019-20. The previous date was the 31st of March 2020. Nirmala sitharama Press Conference announced that other deadlines will be extended due to the Corona outbreak.
What is ITR V?
The ITR-V document is a one-page summary acknowledgment that you will receive once you have e-filed your tax return. As a verification, you must print it out, sign it and then send it back to the Income Tax Department in 120 days after e-filing. You can also E-verify with Aadhar and net banking. You will not need to verify your DSC if you filed the form using it.
What documents must I attach to my Income Tax Return?
The filing of income tax returns is now completely paperless. No physical copies or scans are required. You should keep these documents to be able to produce them if required by the tax authorities.
Why do I have to file a return even though my taxes, interest and other fees are paid?
The amount paid in advance tax, and the amounts withheld as TDS or collected as TCS, will only become your tax due after you have completed your self-assessment. The department is notified of this self-assessment by filing a return. The government can only claim the taxes prepaid as its own income if the department is informed of this self-assessment. The filing of a return is crucial for this process, and has therefore been made mandatory. A penalty will be imposed if you fail to file.
Does it have to be filed a tax return once I get my PAN Card?
No. You must file a return only if your income is taxable.
Can I file a revised tax return if I made a mistake on my original return?
You don’t need to worry. You can revise your return within one year of the end of the relevant year of assessment or before the completion of the assessment, whichever comes first. Contact us immediately to file a revised tax return.
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