Mandatory activities/compliances for a company

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1

Hello All,

I’m wondering if there’s a platform that provides notifications about mandatory corporate activities. For instance, we missed the Aadhaar-PAN linking deadline for FY 2023-2024, which resulted in a 20% TDS short deduction notice.

How do you all stay informed about these kinds of updates?
We’re a small company without an in-house accountant or lawyer.

Any suggestions are most welcome

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3

Hi @sacchasona ,

Missing deadlines like the Aadhaar-PAN linking can indeed be challenging for small companies without in-house expertise. Here are a few suggestions to help you stay informed about mandatory corporate activities:

  1. Use Compliance Platforms:
    Consider using platforms like:
  • Vakilsearch: Offers reminders for legal and tax compliance.
  • ClearTax: Helps with tax filings and compliance alerts.
  • GreytHR: Ideal for payroll and statutory compliance tracking.
  1. Government Portals and Email Alerts:
  • Register on portals like the Income Tax e-Filing website or MCA (Ministry of Corporate Affairs) to receive notifications about important deadlines.
  • Regularly check updates on official websites like https://incometaxindia.gov.in.
  1. Outsource Compliance Management:
  • Partner with external consultants or CA firms who can provide reminders and manage compliance for you.
  1. Subscribe to Industry Newsletters and Alerts:
  • Websites like TaxGuru, Economic Times, or CA Club India offer newsletters and updates on compliance and regulatory changes.
  1. Compliance Calendar Tools:
  • Use tools like Google Calendar or Microsoft Outlook to track compliance deadlines. Set recurring reminders based on past deadlines, e.g., GST filing, TDS submissions, etc.
  1. Professional Networks:
  • Join industry groups or forums like LinkedIn communities, where updates and best practices are often shared.

These methods should help you avoid future compliance mishaps. If you need further guidance on any specific tool, feel free to ask!

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4

Thank you Chitra!! You have shared userful information. I will check each point and take necessary actions.

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