Legal & Statutory Compliance – Ajey Kale and Associates

Compliance Made Convenient

We offer end-to-end compliance management—from direct and indirect taxes to ROC and FEMA filings—ensuring your business remains audit-ready and penalty-free.

What We Do:

FINANCIAL YEAR - It is to be noted that the FY (Financial Year) in India is from 1 st April to 31 st March. I.E. FY 2024-25 means 1 st April 2024 to 31 st March 2025.
ASSESMENT YEAR - It is to be noted that for the given FY, the assessment year (for taxation and compliances) is the next year. I.E. for FY 24-25 the AY (Assessment Year) is 25-26 (1 st April 2025 to 31 st March 2026)
FY is subdivided into Q-1 (April-May-June), Q-2 (July-August-September), Q-3 (October- November-December) and Q-4 (January-February-March)

Direct Taxes

(Income Tax/Corporate Tax): Ensuring compliances with Direct Tax provisions as applicable:

Q-1	On or before June 15	Up to 15% of advance tax liability
Q-2	On or before September 15	45% of advance tax less advance tax already paid
Q-3	On or before December 15	75% of advance tax less advance tax already paid
Q-4	On or before March 15	100% of advance tax less advance tax already paid

Q-1	On or before June 15	Up to 15% of advance tax liability
Q-2	On or before September 15	45% of advance tax less advance tax already paid
Q-3	On or before December 15	75% of advance tax less advance tax already paid
Q-4	On or before March 15	100% of advance tax less advance tax already paid

Income tax paid as above is called advance tax. It is recommended that advance tax is paid as above.

Income Tax paid after 15 th March is termed as Self-Assessment Tax.
Income Tax for the FY to be paid on or before 30 th September of the AY.
Income Tax payable for the FY can be arrived as under:
Alt-1: Based on the last FY Nos. (revenue, profit and income tax paid)
Alt-2: Based on the projected Nos. (projected revenue, profit and tax payable) for the current FY.

Payment of TDS (Tax Deducted at Source) to be paid on / before 7 th of the next month.
TDS Returns (quarterly)
Annual Statutory Audit: Statutory Audit of Annual Financial Statement (Balance Sheet, income & Expenditure-Profit & Loss, Cash flow etc.) to be finalized and signed by the board through a board meeting by physical presence, to be completed on or before 30 th September of the AY.
Transfer Price Audit: Is to be completed by 30 th November of the AY
AGM to be held on or before 30th September of the AY.
Based of the above, payment of Income Tax & Filing of ITR (Income Tax Returns) on or before 30 th September of the AY
Tax Audit (if applicable) on or before 30 th September of AY
Issuance various forms required under Income Tax Act (as applicable)

Indirect Taxes

(GST and other state/local taxes):

Applicable GST for the month (after taking into account GST credit which is a difference between GST paid on purchase and GST charged in sales invoice) to be paid on or before 20th of the next month. It is only when GSTR-1 is filed, this mount will be known.
Filing of monthly GST returns (GSTR-1)
Filing of quarterly GST returns (GSTR-3b)
Annual GST Audit (GSTR-9)
Annual returns of state/local taxes as applicable

ROC-MCA-GOI (Registrar of Companies – Ministry of Company Affairs – Government of India) as applicable to be completed by 30 th November of the AY:

Ensuring compliances under Companies Act, 2013 and filing of various forms & returns such as (to name a few)
DPT-1 (Appointment of Statutory Auditor)
DPT-3 (Acceptance of Deposits)
AOC-4 (Form for filing financial statement and other documents with the Registrar)
MGT-7 (Annual Return)
MGT-14 (Filing of Resolutions and agreements to the Registrar-authorized share capital)
DIR-12 (Particulars of appointment/exit of directors and the key managerial personnel and the changes among them) as and when applicable

FEMA-RBI (Foreign Exchange Management Act – Reserve Bank of India)

FEMA (Foreign Exchange Management Act) guidelines
RBI guidelines
DGFT (Director General of Foreign Trade) guidelines
Guidelines issued by Indian Customs
FEDAI (Foreign Exchange Dealers Association of India) guidelines
ICC (International Chamber of Commerce) guidelines

Stay compliant. Stay confident

Don’t risk legal penalties. Our experts handle your tax filings, audits, ROC submissions, and more—on time, every time.

At Ajey Kale And Associates, our vision is to be the leading provider of industrial and business solutions that drive sustainable growth and innovation.

Our Services

Statutory Registrations

Company Establishment

Funding of Operations

Agreements

Legal Compliance

HR Compliances

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At Ajey Kale & Associates, our vision is to be the leading provider of industrial and business solutions that drive sustainable growth and innovation.