ITR Filing For Pvt Ltd In Manipur

Statutory Audit (Companies Act, 2013): Every Pvt. Ltd. company incorporated in Manipur is required to undergo a statutory audit each financial year, irrespective of its turnover, profit, or capital size.
The audit must be carried out by a Chartered Accountant (CA) appointed as the company’s statutory auditor.
The auditor verifies the accuracy of the financial statements and issues a detailed audit report, which is then submitted to the Registrar of Companies (ROC) along with annual filings.

Tax Audit (Income Tax Act, 1961): A tax audit becomes mandatory if the company’s annual business turnover exceeds ₹1 crore or professional receipts cross ₹50 lakh (subject to changes in Income Tax provisions).
In cases where 95% or more transactions are digital, the threshold may extend up to ₹10 crore.
The CA prepares and files the Tax Audit Report in Form 3CA/3CB and 3CD, which must be submitted along with the company’s ITR.

GST Audit (if applicable): Companies registered under GST in Manipur must undergo a GST audit if their aggregate turnover surpasses the prescribed threshold under GST law.
Additionally, businesses may be subject to departmental or special GST audits initiated by the authorities to ensure compliance and accuracy of GST filings.

Other Specific Audits: Based on the nature and scale of operations, a Pvt. Ltd. company may also be liable for:

• Cost Audit – For companies engaged in production or manufacturing where cost records are mandated.

• Secretarial Audit – Applicable to certain classes of companies to ensure compliance with company law and corporate governance norms.

• Internal Audit – Required for larger companies or those crossing prescribed turnover/loan thresholds, ensuring internal controls and risk management practices.