Businesses are required to maintain compliance, such as companies and limited liability companies registered in India. Business compliance primarily involves the filing of tax returns, whereas legal entities such as LLPs and Corporations require the submission of tax returns to the income tax department and the annual submission of tax return statements to the Ministry of Corporate Affairs. Partnership companies with annual turnover in excess of Rs 100 100,000 are also required to obtain a tax audit.
In addition to basic compliance, businesses may also be required to comply with TDS, GST, VAT / CST, service tax, ESI regulations, etc. Compliance requirements for businesses will vary depending on the type of entity, industry, country of merger, number of employees, and income.
IndiaFilings is the largest business services platform in India, offering a wide range of services like Business Compliance, LLP Registration, Trademark Filing, GST Registration, Tax Returns and many more. IndiaFilings can help you maintain compliance with your partner companies. Get free maintenance compliance partnership advice through IndiaFilings by making an appointment with an IndiaFilings advisor.