Section 8 Company Compliance Checklist (2025) – ROC, Income Tax, GST & More

  • Section 8 Companies (Non-Profit Organizations or NGOs) in India enjoy numerous tax and regulatory benefits. However, to retain their active status and avoid penalties, these companies must meet a strict set of compliance requirements under various laws—Companies Act, Income Tax Act, GST, and FCRA (if applicable).

    In this article, we’ll cover the complete annual compliance checklist for Section 8 companies, the consequences of non-compliance, and expert services available to help you stay compliant.

     


📋 What Is a Section 8 Company?

A Section 8 Company is registered under the Companies Act, 2013for charitable purposes such as education, healthcare, environment protection, or arts. It is a legaland tax-recognized form of NGO that does not distribute profits to its members.


  • 🗓️ Annual Compliance Requirements for Section 8 Companies

    Below are the key filings and obligations a Section 8 company must fulfill every year:

    🔹 ROC (Registrar of Companies) Compliance

    ComplianceDescriptionTimeline
    ADT-1
    Auditor Appointment
    Within 15 days of AGM
    AOC-4
    Filing of Financial Statements
    Within 30 days of AGM
    MGT-7 / 7A
    Annual Return
    Within 60 days of AGM
    Board Meetings
    Minimum 2 per year
    One in each half of the year
    AGM
    Annual General Meeting
    Within 6 months of financial year end

    🔹 Income Tax Compliance

    ComplianceDescription
    ITR Filing (Form ITR-7)
    Mandatory even if no income
    Audit under Section 12A/12AB
    If registered as a charitable institution
    Form 10B / 10BB
    Audit report under Income Tax
    80G Reporting
    Form 10BD for donation receipts

    🔹 TDS & TAN Compliance

    If your NGO deducts TDS on salary, contractor payments, rent, etc.:

    • Quarterly TDS Returns (Form 24Q/26Q)

    • TDS Payment (Challan 281) by 7th of the following month

    • Issue Form 16/16A to deductees

    🔹 GST Compliance (If Applicable)

    Applicable only if the company is registered under GST (usually if turnover exceeds ₹20 lakhs):

    • Monthly/Quarterly GST Returns (GSTR-1, GSTR-3B)

    • Annual GST Return (GSTR-9) if turnover > ₹2 crore

    🔹 FCRA Compliance (If Foreign Donations Received)

    ComplianceDescription
    FCRA Registration/Renewal
    Mandatory before accepting foreign funds
    Annual Return (Form FC-4)
    Filed by 31st December each year
    Quarterly Intimation
    If foreign contribution > ₹1 lakh per quarter

    ⚠️ Consequences of Non-Compliance

    Failing to comply with statutory obligations can lead to:

    • Revocation of Section 8 license

    • Heavy penalties and late fees

    • Disqualification of Directors

    • Prosecution and imprisonment in serious cases

    • Loss of tax exemption (12A/80G)

    ✅ Why Choose a Compliance Partner?

    Managing multiple filings across different departments (MCA, Income Tax, GST, FCRA) can be time-consuming and complex.

    At Akshay K Jain & Company, we offer end-to-end compliance support for Section 8 companies:

     

    🔧 Our Services Include:

    • Annual ROC Filings (ADT-1, AOC-4, MGT-7)

    • Income Tax Return & Audit Filing (ITR-7, 10B, 10BD)

    • TDS Compliance & GST Filings

    • FCRA Return Assistance

    • Maintenance of Statutory Registers

    • Advisory on 12A, 80G & CSR

    📞 Need expert help?
    📧 Email: caakshayj@gmail.com
    🌐 Website: www.caakshayjain.in
    📱 Call/WhatsApp: +91-7379998666

    🧠 FAQs

    1. Is it mandatory for Section 8 companies to file an income tax return?
    Yes, even if no income is earned, filing ITR-7 is mandatory.

    2. How many board meetings are required in a year?
    At least two board meetings in a calendar year.

    3. Can a Section 8 company receive foreign donations?
    Yes, but only after obtaining FCRA registration.


Annual Compliance Services for Private Limited Companies, OPC & Public Limited Companies in Varanasi

 Akshay K Jain & Company – Chartered Accountants in Varanasi, provides end-to-end Annual Compliance services for Private Limited Companies, One Person Companies (OPCs), and Public Limited Companies. As the Best CA in Varanasi, we ensure your company remains fully compliant with ROC and Income Tax laws, avoiding hefty penalties and ensuring peace of mind.

🔍 Why Annual Compliance is Important?

Companies registered under the Companies Act, 2013 are mandated to file annual returns and financial statements with the Ministry of Corporate Affairs (MCA) and Income Tax Department. Non-compliance leads to penalties, disqualification of directors, and additional fees.

✅ Our Annual Compliance Services Include:

1. Form AOC-4 – Filing of Financial Statements

  • Applicable to: All companies (Pvt Ltd, OPC, Public)

  • Due Date:

    • Within 30 days of AGM (usually by 30th October)

    • For OPCs (which have no AGM): within 180 days from end of financial year

  • Penalty for Non-Compliance:

    • ₹100 per day of delay (No upper limit)

    • Additional penalty may apply to officers in default

2. Form MGT-7 – Annual Return

  • Applicable to: All companies except OPC

  • Due Date: Within 60 days of AGM (usually by 29th November)

  • Penalty: ₹100 per day of delay

3. Form MGT-7A – Annual Return for OPC and Small Companies

  • Applicable to: OPCs and Small Companies

  • Due Date: Within 60 days of AGM or due date of AGM

  • Penalty: ₹100 per day of delay

4. Form ADT-1 – Appointment of Auditor

  • Applicable to: All Companies (except OPCs if auditor is appointed at incorporation)

  • Due Date: Within 15 days from the conclusion of AGM

  • Penalty: Additional fees and prosecution provisions in some cases

5. Form DIR-3 KYC / DIR KYC Web

  • Applicable to: All directors holding DIN

  • Due Date: 30th September every year

  • Penalty: ₹5,000 if not filed within the due date. DIN becomes deactivated until KYC is completed.

6. Income Tax Return (ITR) Filing

  • Applicable to: All Companies

  • Due Date:

    • 31st October for companies not requiring audit

    • 30th September for companies requiring audit

  • Penalty:

    • ₹5,000 for delay up to 31st December

    • ₹10,000 beyond that

    • Additional interest on tax dues

7. Statutory Audit

  • Conduct of audit under Companies Act by Chartered Accountants

  • Includes preparation of:

    • Auditor’s Report

    • Financial Statements

    • Notes to Accounts

  • Mandatory for all companies, irrespective of turnover

📌 Benefits of Choosing Us

  • ✅ Best CA in Varanasi with years of experience in ROC compliances

  • ✅ Timely reminders & filings

  • ✅ Expert team of Chartered Accountants & CS

  • ✅ Affordable & transparent pricing

  • ✅ PAN India services through online mode

📞 Get in Touch Today!

Ensure your company stays compliant and penalty-free. Contact Akshay K Jain & Company – Chartered Accountants in Varanasi for reliable Annual Compliance services.

📧 Email: caakshayj@gmail.com
🌐 Website: www.caakshayjain.in
📱 Call/WhatsApp: +91-7379998666

STOCK AUDIT

We at AKSHAY K JAIN AND COMPANY believe in providing quality Internal Audit Services to our clients. One of the main services required for Internal Audit and Control are of Stock Audit. Be it Companies own outlet, offices or those run by their C&Fs or Agents,  Warehouses, Distributors or others peripherals of the Company, we provide services related to Stock verification and other Internal Controls. Our services are on PAN India basis with major coverage of Eastern Uttar Pradesh (U.P.) covering districts of Varanasi, Jaunpur, Ghazipur, Bhadohi, Allahabad, Pratapgarh, Mirzapur.

Our services includes:

1. 100% Stock Verification2. Stock Audit
3. Verification of Stock Handling Systems
4. Verification and Classification of Time Expired Stocks.
5. Other Services as per Clients Requirements.



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Audit

AKSHAY K JAIN AND COMPANY provides following services to their clients on PAN India basis:

STATUTORY AUDIT

  • Company Statutory Audit
  • Tax Audit u/s 44AB and 44AD
  • Society Audit
  • Trust Audit
  • Government Company Audit
  • Bank  Statutory Audit 
  • Other Statutory Branch Audit

INTERNAL AUDIT

  • Information System Audit
  • Service Audit
  • Stock Audit
  • Concurrent Audit
  • Sales Audit
  • Revenue Audit
  • Other Audit as per Client Requirements

REVIEW 

  • Monthly Review
  • Quarterly Review
  • Half Yearly Review
  • Yearly Review

CERTIFICATIONS 

  • Balance Sheet Certification
  • External Review and Certification
  • Accounts Compilation and Certification 




Call us at: 9956948337/7379998666
Email us at: caakshayj@gmail.com














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