2. Compliances

(a) Direct tax compliances: Under the direct tax compliances following service are covered
(1) TDS compliances

• (a) Deposit of TDS deducted within specified time as per the act.
• (b) Filing of Quarterly TDS Return (form 24Q & 26Q).
• (c) Issue of Form 16A on quarterly basis.
• (d) Issue of Form 16 on annual basis.
• (e) Investment declaration from employees for calming deductions.
• (f) Reply of notice issued by TDS department

(2) Income tax compliance

• (a) Calculation of advance tax deposit: following are the datesfor depositing Advance tax.

• Due Date	Advance Tax Payable
  On or before 15th June	15% of advance tax
  On or before 15th September	45% of advance tax less advance tax already paid
  On or before 15th December	75% of advance tax less advance tax already paid
  On or before 15th March	100% of advance tax less advance tax already paid

• (b) Filing of business tax return
• (c) Reply of notices issued by the income tax department.
• (d) Tax Audit under section 44AD.

(b) Indirect tax Compliance

(1) For normal Tax payers:

• (a) Monthly Filing of GSTR-1 on or before 11th of every month if the turnover of assesse is more than Rs. 1.50 cr. during the previous financial year or assesse has opted monthly Filing of GSTR-1.
• (b) Monthly Filing of GSTR-3B on or before of 20th of every month. Monthly Filing of GSTR-3B is mandatory for all the normal tax payers.
• (c) Filing of Annual return (GSTR-9) on or before the due date when government has notified in official gazette.
• (d) Any other GST return is mandatory as per the business of assesse.

(2) For composite taxpayers

• (a) Quarterly Filing of GSTR-4 on or before 18th of next month from the end of quarter.
• (b) Filing of annual return (GSTR-9A) on or before the due date when government has notified in official gazette.
• (c) Any other GST return mandatory as per the business of assesse.

ESIC compliance:

3 Applicability: If any organization has more than 10 employees and the wages of employees is not more than Rs 21000.00 per month then provision of ESI will be applicable.

• Payment of ESIC to government:ESIC payment to be remitted on or before 15th of every month.
• Filing of ESIC Return: following is the due date of Filing of ESI return.

Period	Due Date
1st April to 30th September	12th November
1st October to 31st March	12th May

1 ROC compliances: All companies registered in India must file annual return to MCA

Before Filing the annual return all companies are also required to appoint auditor within 30 days of incorporation.

Following is a list of annual forms/return which are necessary to file for all companies.

Name of E- Form	Purpose of E- Form	Due date of Filing of E - Form
Form ADT-1	Appointment of Auditor	After 15 days of AGM
Form AOC-4	Annual Accounts	30 Days from the AGM (In case of one person company within 180 days from the end of the financial year)
Form MGT-7	Annual Return	60 Days from the AGM
Form CRA-4	Cost Audit report	30 days receipts of cost audit report
Form MGT-14	Board Report and Annual Accounts	30 Days After the date of board Meeting

Other Services: Some services not covered above can be described as under

1 Payroll Managementpayroll management is administration of the financial records of employee's salaries, wages, bonus, net pay and dedications. Following services covered under payroll management

• (a) Preparation of pay slip.
• (b) Deduction of withholding tax.
• (c) Calculation of net salary payable per month.
• (d) Adjustment of loan & advance.

2 Internal Audit:Internal Audit offers risk management and evaluates the effectivenessof company's internal control, corporate governance and accounting process.

3 Aging of Debtors:Debtors aging is a tool that assists in gauging the status of their account receivable. It is a report that groups all the outstanding invoices by customers date wise, the usual slabs are 0-30 days, 31-60 days, 61-90 days, 90-120days and +120days.

4 Cash flow statement:Cash flow statement is an actual incoming and outgoing of cash in a firm over an accounting period. It statement shows

- Where the money comes from

- Where it will be go

Cash flow statement is mainly presented in the main three sections

• (a) Operating activities (Sale of goods & services)
• (b) Investing activities (sale or purchase of fixed assets)
• (c) Financial activities (borrowings or sale of common stock)

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