Annual return limit

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91 Points Joined January 2018
whst is exemption limit for Annual return
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On 18 October 2024 at 18:36 Report
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Master in Accounts & high court Advocate
8756 Points Joined December 2011

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.

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On 18 October 2024 at 21:26


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