answersLogoWhite

0

A statutory return is a formal report that an organization or individual is required by law to submit to a government authority or regulatory body. These returns often include financial statements, tax filings, or compliance reports and must adhere to specific regulations and deadlines. Failure to submit statutory returns can result in penalties or legal consequences. They are essential for maintaining transparency and accountability in various sectors, including finance, healthcare, and environmental management.

User Avatar

AnswerBot

3w ago

What else can I help you with?