Demand cut from ₹10,050 to ₹1,310
TaxSavvy for dir 3 kyc
Director KYC due? Keep your DIN active.
We file DIR-3 KYC with your OTPs in one sitting, same day.
If you wait: DIN deactivated; ₹5,000 fee to file late or reactivate (Directors Rules 2014, Rule 12A)
What you send
Any one of these gets us started. Photos are fine.
- Last year's accounts
- GST returns
Send them on WhatsApp or upload after you start. Documents are encrypted and seen only by your CA.
How we get it done
Four steps, the same for every job. You see each one ticked.
Information
DIN of the individual. Personal mobile number
Discussion
Did you complete DIR-3 KYC for FY 2024-25 (due 30 September 2025, extended to 31 October 2025)?. Is your DIN currently marked deactivated?
Forms
Check DIN status (approved or deactivated) and last KYC year. File Form DIR-3 KYC Web with OTP on personal mobile and email
Deliverables
SRN / acknowledgement of DIR-3 KYC Web. Reactivated DIN (if it was deactivated)
See what you get, free
Real formats, made with dummy data.
Sample Sample ₹30,700 leaking every month
Sample Books from your bank statement
13 bank lines, books balanced
Questions, answered the CA way
Facts, Provisions and law, Analysis, Conclusion.
ROC Annual Filing: AOC-4 (Financials) and MGT-7 (Annual Return)
- Facts
- Every private limited company must file two annual returns with the Registrar of Companies (ROC/MCA21). AOC-4: audited financial statements (balance sheet, P&L, board report). MGT-7: annual return (shareholding, directors, share capital changes). Missing these: ₹200/day penalty per form until filed. After 3 consecutive years of non-filing: directors can be disqualified.
- Provisions and law
- Sec 137; Sec 92; Sec 96; Sec 164(2); Sec 454
- Analysis
- AOC-4, Financial Statements package: Must include: Balance Sheet (as of March 31). Statement of Profit and Loss. Cash Flow Statement (if not small company). Statement of Changes in Equity. Notes to Accounts. Board Report (must include: extract of annual return, composition of committees, material changes, CSR report if applicable, directors' remuneration). Auditor's Report (statutory audit). All digitally signed by director and filed on MCA21. MGT-7, Annual Return contents: Company details (registered office, type, CIN). Share capital and debentures. Shareholding pattern (each shareholder with PAN, % holding). Transfer of shares during year. Directors and Key Managerial Personnel (DIN, designation, joining/cessation). Meetings held. Related party contracts. Declaration of compliance. Signed by director and CA/CS.
- Conclusion
- Statutory audit complete? Auditor issues signed audit report before AGM can be held
- Hold AGM by September 30 (for March 31 FY companies): shareholder meeting with required agenda
- Board Report prepared: includes all mandatory disclosures under Companies Act 2013
- File AOC-4 on MCA21 within 30 days of AGM (by October 30 typically)
Section 123 (old 80C): Insurance Premium Deduction Rules
- Facts
- Life insurance premium is part of the ₹1.5L Section 123, Income-tax Act 2025 (old Sec 80C) pool, but with conditions. Paying premium for a spouse or children's policy: allowed. Premium above 10% of sum assured: Sec 123 (old Sec 80C) denied, Sec 11 with Schedule II (old Sec 10(10D)) maturity exemption denied. Many miss these conditions and over-claim.
- Provisions and law
- Sec 123 (old 80C(2)(a)); Sec 123 (old 80CCE); Sec 123 (old 80C; HUF); Sec 11 (old 10(10D)) link
- Analysis
- The 10% rule, most important condition: Policy sum assured: ₹5L. Annual premium: ₹60,000. Test: ₹60,000 ÷ ₹5,00,000 = 12%. Premium is 12% of sum assured, above 10%. Sec 123 (old Sec 80C): only ₹50,000 allowed (10% of ₹5L). ₹10,000 excess premium gets no Sec 123 (old Sec 80C). And at maturity: Sec 11 with Schedule II (old Sec 10(10D)) exemption is ALSO lost, maturity proceeds taxable. The policy is a tax trap in both directions. Which policies have this problem: Old endowment and money-back plans (LIC Jeevan Anand pre-2000 era) often had very low sum assured relative to premium. Some ULIP policies with high premium and low mortality cover. Pure term insurance: sum assured is ₹50L on ₹8,000 premium = 1.6% ratio, no issue. Term plans always pass the 10% test easily. Premium for spouse and children, allowed: Husband can claim Sec 123 (old Sec 80C) for wife's LIC policy premium (if wife is dependent or even if working). Wife can claim for husband's policy.
- Conclusion
- Check sum assured for each life policy: calculate premium ÷ sum assured ratio
- If ratio > 10% (post-2012 policy): Sec 123 (old Sec 80C) is capped at 10% of sum assured only
- Collect premium receipts for all policies: own, spouse, children
- Check: paying for parents' policy? Sec 123 (old Sec 80C) not available for parents' life insurance
Director loans: Sec 185 restrictions and the penalties
- Facts
- Sec 185 prohibits a company from lending to its directors. This is the most commonly violated provision by early-stage startups. A founder who "borrows" from the company account for personal expenses has violated Sec 185, penalty: equal to the loan amount, imprisonment up to 6 months.
- Provisions and law
- Companies Act 2013, Sec 185, 186
- Analysis
- Common violations: Founder pays personal credit card bill from company account. Company pays founder's personal rent. Startup "gives advance" to founder for business expenses that never materialise. Exceptions under Sec 185: Loans to wholly-owned subsidiary companies. Employee loans if director is also an employee under a scheme applicable to all employees. OPC, no restriction.
- Conclusion
- Pay yourself a higher salary (approved by board) and use personal funds
- Raise expense reimbursement claims with proper bills and approval
- Use company credit card for company expenses only
- Director "advance for business purpose" must settle within 30 days with receipts
Founder Capital Injection: Compliance and Tax Treatment
- Facts
- The most common way businesses are initially funded, the founder puts in their own money. Looks simple, but the legal treatment differs dramatically based on business structure. Pvt Ltd: treated as share capital. Proprietorship: just your own funds. Partnership: partner's capital. Getting this wrong creates loan vs capital issues, interest deduction problems, and gift tax concerns.
- Provisions and law
- Sec 68; Companies Act 2013; LLP Act 2008; Director Loan
- Analysis
- Right structure by entity type: Proprietorship: Just deposit in business current account. No separate documentation needed, it's your money in your business. File ITR: capital introduced shows in balance sheet. Partnership: as per partnership deed capital clause. Entry in capital account. No separate documentation if within deed provisions. LLP: supplementary agreement if beyond agreed contribution + update capital account. Pvt Ltd: share allotment is the ONLY clean route. Alternatives (director loan) have compliance burden. Pvt Ltd share allotment, the correct process: (1) Board Resolution approving allotment of X shares at ₹Y per share to Director Z. (2) Form PAS-3 filed with ROC within 30 days. (3) Share certificates issued. (4) Share register updated. (5) Form MGT-14 if special resolution. This entire process takes 1-2 days with a CA and costs ₹2,000-5,000 in professional fees.
- Conclusion
- Identify structure: proprietorship / partnership / LLP / Pvt Ltd, each has different compliance
- Pvt Ltd: Board Resolution for share allotment → PAS-3 filing with ROC → Share certificates
- LLP: Check LLP agreement, if within agreed contribution, no separate filing. Else supplementary agreement.
- Proprietorship / Partnership: deposit in current account, update capital account in books
Director KYC due? Keep your DIN active.
A Chartered Accountant handles it. Fixed price, told before you pay.
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