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Income tax notification

1. ITR-1, ITR-2 & ITR-4 for AY 2026–27 is now live! Excel utilities, online and Offline filing are enabled on the e-Filing portal.

2. Offline Utility for Form 145 and Form 146 has been enabled on the e-Filing Portal. Users can download, fill, and submit the forms directly through the utility available under Income Tax Act 2025.

3. Form No. 105 (earlier Form No. 10AB) is now available for e-Filing.

4. The Income Tax Act, 1961 stands repealed effective 01.04.2026, pursuant to Section 536 of the Income Tax Act, 2025.

5. New challan forms are live on e-Filing portal for tax payments under the Income Tax Act, 2025. Users are advised to make payments using the new challans only for Tax Year 2026-27.

6. From 1st April 2026, Forms under Income Tax Act, 2025 will be available on the e-Filing Portal. Please select correct form to ensure compliance as per applicable Act.

7. Forms applicable for Assessment Year 2026–27 are available under "Forms as per Income-tax Act, 1961" on the e-Filing portal from 1 April 2026.

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Commencement of Business

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Commencement of Business

The Commencement of Business declaration is a mandatory filing under the Companies Act, 2013. It confirms that the subscribers to the company's Memorandum of Association have paid the agreed amount towards their shares. It also verifies that the company has a registered office address in place.

This declaration is submitted to the Registrar of Companies through Form 20A within the prescribed timeline. Once completed successfully, the company can legally begin its business operations and access borrowing facilities if required.

Starting a company is an exciting milestone, but before you begin business activities, certain legal formalities must be completed. One of the most important requirements for companies with share capital is filing the Declaration for Commencement of Business through Form 20A.

At TaxAbide, we help newly incorporated companies complete this compliance requirement accurately and on time. Our team manages the entire process, from document verification to filing with the Registrar of Companies, ensuring your business remains compliant from day one.

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Who is Required to File Form 20A?

The filing requirement applies to companies incorporated with share capital. The following entities must submit the declaration:

Private Limited Companies incorporated after 2 November 2018

Public Limited Companies incorporated after 2 November 2018

Section 8 Companies having a share capital structure

If your company falls into any of these categories, filing Form 20A is essential before commencing business activities.

Why is the Commencement of Business Certificate Important?

Confirms Legal Compliance

The certificate establishes that the company has fulfilled the conditions specified under the Companies Act.

Builds Trust

Investors, banks, and other stakeholders gain confidence when a company has completed all mandatory registrations and declarations.

Enables Business Operations

Companies cannot legally start operations or exercise borrowing powers without completing this requirement.

Timeline for Filing Form 20A

Companies must file the declaration within 180 days from the date of incorporation. Missing this deadline may attract penalties and other regulatory consequences.

Companies Exempt from Filing Form 20A

Companies incorporated before 2 November 2018

Companies established without share capital

Consequences of Non-Compliance

Restriction on business activities and borrowing powers

Penalty of Rs. 50,000 on the company

Rs. 1,000 per day penalty on officers in default

Risk of company strike-off by ROC

Documents Required for Form 20A Filing

Bank statement showing share subscription money

Proof of registered office address

RBI approval or registration certificate (if applicable)

Board resolution authorising filing

Directors’ declaration of subscription funds

Process for Filing Form 20A

Step 1: Review Company Details

We collect and verify incorporation details of your company.

Step 2: Document Collection

Required documents are gathered and verified.

Step 3: Preparation of Form 20A

Form is prepared accurately to avoid errors.

Step 4: DSC and Certification

Form is digitally signed and certified by a professional.

Step 5: Submission to MCA

Form is filed with Ministry of Corporate Affairs with applicable fees.

Step 6: Acknowledgement

SRN is generated and filing acknowledgement is shared.

Why Choose TaxAbide?

At TaxAbide, we simplify corporate compliance so you can focus on building your business.

Experienced professionals for accurate guidance

End-to-end assistance from documentation to filing

Timely filing to avoid penalties

Transparent communication throughout process

Full compliance support for other ROC and tax services

Get Started with TaxAbide

If your company has recently been incorporated and requires assistance with Commencement of Business Certificate filing, TaxAbide ensures accurate and timely filing for a smooth start to your business journey.

Free Consultation

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