Statutory compliance ensures adhering to the Act or Rules related to a particular business enterprise, as prescribed by Government bodies. As the company grows in size, a wide range of Provident Fund, TDS, attendance, Professional Tax, payroll, labour regulations, and other statutory compliances are also required to be followed. Following these compliances should be a consistent process and not just a one-time job. These compliances ensure and protect the interests of a company and its employees. Companies neglecting to follow these compliances face the risk of legal and penal action. A list of statutory compliances under different statutes that an entity in India needs to meet is followed.
Compliances / Filings Under various Acts Are As Under