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Annual Compliance Filing For Society

“Annual Compliance Filing For Society” refers to the set of legal and regulatory obligations that individuals, businesses, and organizations must fulfill on an annual basis to remain in good standing and compliance with the laws and regulations applicable to them. With “India’s BEST TAX CONSULTANT.” Connect with our Experts.

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Why Should I Use Auriga Accounting of Annual Compliance Filing For Society?

Auriga Accounting has a team of registration experts who can provide complete guidance to Annual Compliance Filing For Society

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Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for Societies

Complete your Annual Compliance Filing

Your Annual Compliance For Annual Compliance Filing For Society

Why Should I Use Auriga Accounting of Annual Compliance Filing For Society?

Auriga Accounting has a team of registration experts who can provide complete guidance to Annual Compliance Filing For Society

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for Societies

Complete your Annual Compliance Filing

Your Annual Compliance Filing For Society

OVERVIEW - Annual Compliance Filing For Society

A society is not governed by the Companies Act, of 2013 but is instead registered under the Societies Registration Act, 1860, or its state-specific amendments. However, if a society registers as a Section 8 company (a not-for-profit entity under the Companies Act, 2013), it must comply with the provisions of the Companies Act.

What is Annual Compliance Filing For Society ?

What is Annual Compliance For a One person Company?

For societies registered as Section 8 companies, compliance with the Companies Act, 2013, ensures legal validity, operational transparency, and smooth functioning. Proper maintenance of records, timely filings, and adherence to rules are critical to avoid penalties and maintain credibility.

ELIGIBILITY Annual Compliance Filing For Society

  • Tax Audit – In India, the turnover limit for Societies is ₹1 crore for the financial year. Societies exceeding the turnover limit must get their accounts audited by a chartered accountant.
  • Gst Return Filling – Societies with a yearly turnover of more than Rs. 40 Lakhs (for goods) and Rs. 20 lakhs (for services) are required to register for GST and pay taxes on their taxable goods and services.
  • ITR-6 Form – The ITR-6 Form is to be filed by the company having Income under the head ‘Profits or Gains of Business or Profession.
  • EPF Return Filling – The Societies Company is required to get EPF registration if it employs more than 20 persons and accordingly, filing of EPF Return becomes mandatory.
  • Accounting and Book- Keeping – The Societies company is required to maintain books of account, if the sale/turnover/gross receipts from the business is more than Rs. 25,00,000 or the income from the business is more than Rs.2,50,000 in any of the 3 preceding years.
  • TDS return filing – Societies company functioning as deductors (with a valid TAN) must deduct tax at source (TDS) on specific payments exceeding prescribed limits (Single payment: Rs. 30,000 and Aggregate payment: Rs.75,000) in Contract – Transporter not covered under 44AE under Section194C.
  • GST Audit – Turnover-based Audit under Section 35(5) of CGST Act. If the annual turnover of a registered taxpayer is more than Rs. 2 crores in a financial year, he is required to get his accounts audited by a Chartered Accountant or Cost Accountant every year.

Advantage Annual Compliance Filing For Society

  1. Legal Validity: Maintains the society’s legal standing and active status with the ROC.
  2. Transparency: Demonstrates accountability and builds trust among members, donors, and stakeholders.
  3. Tax Exemptions: Proper compliance ensures eligibility for tax benefits under Section 12A and 80G of the Income Tax Act.
  4. Avoidance of Penalties: Prevents penalties, fines, or cancellation of the society’s registration.

Documents for Annual Compliance Filing For Society

Certificate of Incorporation
Moa And Aoa
GST number, if applicable

Donors report/Donation report
Details of sales and purchases
Bank statements
Details of Creditors and Debtors
Tds Report, If any

PROCESS Annual Compliance Filing For Society

  • Review Compliance Requirements: Understand the specific compliance obligations applicable to sole proprietorships in your jurisdiction. This may include tax filings, statutory filings, regulatory requirements, etc.
  • Gather Documents: Collect all relevant documents necessary for This could include financial statements, income tax returns, balance sheets, profit and loss statements, business licenses, permits, etc.
  • Prepare Financial Statements: If required, prepare financial statements such as balance sheets and profit and loss statements for the relevant
  • Income Tax Filing: File income tax returns for the sole proprietorship, ensuring accurate reporting of income and expenses.
  • GST Filing: If applicable, file Goods and Services Tax (GST) returns, reporting sales and purchases made during the financial year.
  • Review and Verification: Double-check all documents and filings for accuracy and completeness. Ensure that all information provided is up to date and in compliance with applicable laws and regulations.

Annual Compliance Filing For Society

Form

Purpose

Filing Deadline

Board and AGM Minutes

Governance records

Throughout the year

Financial Statements

Annual accounts for audit and filings

Before ROC filing

Form AOC-4

Filing of audited financial statements

Within 30 days of the AGM

Form MGT-7

Annual return with members and share details   

Within 60 days of the AGM

Income Tax Return (ITR-6)

Corporate tax filing

By September 30th

Form CSR-1

maintenance of proper records of CSR activities

Throughout the year

Penalties for Non-Compliance Annual Compliance Filing For Society

  • Delayed Filing: Additional fees of ₹100 per day for delayed submission of ROC forms.
  • Disqualification of Directors: Non-compliance for 3 consecutive years may disqualify directors under Section 164 of the Companies Act.
  • Revocation of License: The government may revoke the Section 8 license for persistent non-compliance.

WHY AURIGA ACCOUNTING ?

Auriga Accounting, like many professional financial and advisory firms, can provide valuable assistance to Society in India looking to fulfill their annual compliance requirements under the Companies Act, 2013. Here’s how Auriga Accounting can help with Annual Compliance Filing For Society

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MD SAHIL
MD SAHIL
2023-06-10
Auriga Accounting is right CA firm is crucial for the financial health of our business. Auriga Accounting is reputable firm with experienced professionals, strong technology infrastructure, good communication, and transparent pricing.
Prince Kushwaha
Prince Kushwaha
2023-06-10
Workplace must be peaceful and be active during work , the Auriga Accounting Private Limited provides relevant and necessary things so employees save their time and complete their task before time period effectively and efficiently
Prince Singh
Prince Singh
2023-06-10
Auriga accouting private limited and it's team provide best service at affordable price. I have done my previous year GSTR and ITR they did it before the time
Priyanka Kumari
Priyanka Kumari
2023-04-07
They are best coordination with me. Time to time inform me how to work and what work is my pending. Time to time updated me about my company profile work like ROC Filling last date, GST filling last date, ITR etc... I have no paid any penalty since I started working with Auriga..
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Vishal Singh
2023-04-07
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2023-04-07
The auriga accounting private limited is a reliable and a customer support company the team has give Clear answer towards the customer by which the customer cannot get confused and get necessary detail to solve their queries and auriga provided me good service and delivered my work on time very well coordinate with me and talk very well I suggest if you have any work then call auriga they will definitely finish your work on time
Vivek Shakya
Vivek Shakya
2023-04-07
Great Services , within affordable rate and give full satisfaction on works. Easy to Cordinate, I have done My Previous year ITR , Startup Registration. I am very happy with their services and their first priority is their Customer.
find way
find way
2023-04-06
I'll give a five-star rating, I had doubts about how to start my work in the field of business and they guide me and instruct me on how to start a business. They have a great team.
623 Anjali
623 Anjali
2023-04-06
The Auriga has great services. Efficient communication and really easy way to get help and support.
Anjali Sharma
Anjali Sharma
2023-04-06
Auriga Accounting team represents the highest level of customer services I have experienced.The team gives accurate information and responses to queries very fast, which are customer is facing.

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