Frequently asked questions

Straight answers on registration, tax filing, GST, ROC compliance, and bookkeeping.

Business Registration

How long does Private Limited Company registration take?+

Typically 7–10 working days from document submission, including name approval, DIN/DSC issuance, and incorporation filing with the ROC.

What documents are needed to register a company?+

PAN and Aadhaar of all directors/partners, address proof, a registered office address proof (rent agreement or utility bill), and passport-size photographs.

Is GST registration mandatory at the time of incorporation?+

Not always — GST registration is mandatory once turnover crosses the applicable threshold (₹20 lakh for most services, ₹40 lakh for goods), or if you sell interstate/online.

Tax Filings

What is the due date for filing ITR?+

31 July for individuals and firms not requiring audit; 31 October for taxpayers requiring a tax audit under Section 44AB, unless extended by the CBDT.

What happens if I receive an income tax notice?+

Most notices have a defined response window. We review the notice type (intimation, scrutiny, or demand), prepare the required reply with supporting documents, and file it before the deadline.

Who needs a tax audit under Section 44AB?+

Businesses with turnover exceeding ₹1 crore (or ₹10 crore with limited cash transactions) and professionals with gross receipts over ₹50 lakh generally require a tax audit.

ROC Compliance

What is the penalty for late ROC filing?+

The Ministry of Corporate Affairs charges ₹100 per day per form for late filing of AOC-4 and MGT-7, with no maximum cap — the penalty keeps accumulating until filed.

Does a dormant company still need to file annual returns?+

Yes. Every registered company must file annual ROC returns and DIR-3 KYC regardless of whether it is actively trading, unless it has been formally struck off.

How do I add or remove a director?+

Director changes require a board resolution, DIR-12 filing with the ROC, and updated statutory registers — typically completed within 7–10 working days.

GST Compliance

What is the due date for GSTR-3B?+

GSTR-3B is due on the 20th of the following month for most regular taxpayers, though QRMP scheme filers have staggered dates (22nd or 24th).

What is 2A/2B reconciliation and why does it matter?+

It matches the input tax credit you have claimed against what your suppliers have reported. Mismatches can lead to credit reversal notices, so monthly reconciliation prevents surprises at year-end.

Do I need e-invoicing for my business?+

E-invoicing is mandatory for businesses with turnover above the government-notified threshold (currently ₹5 crore), for B2B transactions.

Accounting & Bookkeeping

How often should a small business update its books?+

Monthly is best practice — it keeps GST reconciliation accurate, surfaces cash flow issues early, and means your annual financial statements are a formality, not a scramble.

What is included in payroll compliance?+

PF (Provident Fund), ESI (Employee State Insurance), and PT (Professional Tax) deductions, deposits, and return filings, along with payslip generation.

What is an MIS report?+

A Management Information System report summarizes your business's financial health — revenue, expenses, receivables, payables — in a format designed for quick decision-making, not just compliance.

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