Each year, all companies registered in India, such as private limited company, one person company, limited company, and section 8 company, must file MCA annual return and income tax returns. The organization will hold an Annual General Meeting at the end of each financial year before filing its annual report. The Annual General Meeting for newly formed entities will be held within 18 months from the date of incorporation or 9 months from the date of closing of the financial year, whichever is earlier. Subsequent Annual General Meetings are to take place within 6 months of the close of the fiscal year. In India, normally the financial year starts on April 1st and ends on 31st March. So a Company’s annual return would be due on or before September 30th.
In addition to an MCA annual return, businesses do have to file income tax returns irrespective of profits, benefits, or loss. Consequently, even dormant businesses without transactions are required to file income tax returns every year. Private limited firms, limited firms, and one individual business will be expected to file Form ITR -6. The due date for a company to file income tax returns is on or before September 30th.