Frequently Asked Questions

We work with a wide range of clients — salaried individuals, freelancers, small and medium businesses, startups, partnership firms, LLPs, and private limited companies across industries including retail, manufacturing, IT services, healthcare, and professional services.

Any business with an annual turnover exceeding ₹40 lakh (₹20 lakh for service providers, ₹10 lakh for special category states) must register for GST. Businesses involved in interstate supply or e-commerce must register regardless of turnover.

For individuals and HUFs not subject to audit, the due date is 31st July of the assessment year. For businesses and professionals whose accounts are subject to tax audit, the due date is 31st October. Belated returns can be filed up to 31st December with a late fee.

Under Section 44AB of the Income Tax Act, a tax audit is mandatory if your business turnover exceeds ₹1 crore (₹10 crore if cash transactions are less than 5%) or if your professional receipts exceed ₹50 lakh. Businesses opting out of presumptive taxation with income below the threshold also require audit.

With all documents in order, a Private Limited Company can typically be incorporated in 7–10 working days. This includes name reservation (RUN), DIN/DSC procurement, and filing of SPICe+ form with the MCA. Delays can occur if the name is rejected or documents need correction.

We work with Tally Prime, QuickBooks, Zoho Books, and Excel-based systems depending on your preference and business size. We can also set up new accounting software for your business and train your team on basic usage.

TDS deducted must be deposited by the 7th of the following month. For March deductions, the deadline is 30th April. Government deductors must deposit on the same day if paid by book entry, or the 7th of the following month for other payments.

PF registration under the Employees' Provident Funds Act is mandatory for establishments with 20 or more employees. Smaller establishments can register voluntarily. Once registered, both employer (12% of basic salary) and employee (12%) contribute monthly.

Every Private Limited Company must file MGT-7 (Annual Return) within 60 days of the AGM and AOC-4 (Financial Statements) within 30 days of the AGM. The AGM must be held within 6 months of the financial year end (i.e., by 30th September). DIR-3 KYC for all directors is also required annually.