QUESTION OF THE DAY: (1) What are the upcoming 11 post-incorporation compliances for private limited

(1) The first form to be filed is INC 20 A within 6 months from the date of incorporation. After that the annual filings such as AOC 4, MGT 7/ MGT 7A, DIR 3 KYC and DPT 3 need to be done.

(2) If you have LIC premium or tax-saving mutual funds aggregating to Rs.1 lakh or more, you can bring down the total income to Rs.5 lakhs and pay zero tax.

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