Annual return limit

The exemption limit for Annual Return varies depending on the type of entity and the Act governing it.

Here are some common exemption limits: - Under the Companies Act, 2013: -

 Small companies (turnover < ₹2 cr): exempt from filing annual return (Form MGT-7) - Private companies (turnover < ₹100 cr): can file a simplified annual return (Form MGT-7A) - Under the Income-tax Act, 1961:

- Individuals (income < ₹2.5 lakh): exempt from filing income tax return (ITR) -

Hindu Undivided Families (HUFs) and Association of Persons (AOPs) (income < ₹2.5 lakh): exempt from filing ITR -

Under the Goods and Services Tax (GST) Act: - Taxpayers with turnover < ₹2 cr: exempt from filing annual return (Form GSTR-9) -

 Taxpayers with turnover < ₹5 cr: can file a simplified annual return (Form GSTR-9A)

Please note that these exemption limits are subject to change, and additional conditions may apply.