11
April
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Comments
Vishnu Daya Newsletter – April 2022
We are pleased to present our monthly newsletter for the month of April 2022....
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04
April
MCA Extends date for confirming audit trail use in Auditors report and due date for filing Form CSR-2
MCA amends Companies (Accounts) Rules, 2014 to inter alia provide that: - The effective date for using accounting software which has a feature of recording ‘audit trail’ of each and every transaction has been extended form April 1, 2022 to April 1, 2023. - The due date for separate filing of Form CSR-2 (CSR Report) for financial year 2020-21, has been extended from March 31, 2022 to May 31, 2022. ...
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28
March
Income Tax Return filing by Foreign Companies
Foreign Companies who have earned taxable income in India for the period 01st April 2020 to 31st March 2021, are required to file the return of Income in India if the tax is withheld at the rates prescribed as per Double Taxation Avoidance Agreement (DTAA). The filing of the Income Tax Return is not applicable if the tax is withheld at the rates prescribed as per Indian Income Tax Act. The due date for filing the return of income for the Financial Year 2020-21 was 15th March 2022. However, if the return has not been filed within the due...
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28
March
Year end requirements FY 2021-2022
As the financial year 2021-2022 is coming to an end, there are certain statutory requirements which need to be addressed within 31.03.2022. Among them the following points which should be focused on priority basis: 1. Stock verification 2. Income tax related compliance 3. Tax deducted at source 4. Company law related compliance 5. Micro, Small and Medium Enterprises (MSME) related compliance 6. GST Compliances 7. Others Please find attached a detailed note in this regard....
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21
March
GST Update – E Invoice applicability from April 1, 2022
This is to inform you that CBIC made E-invoice under GST mandatory for registered persons having aggregate turnover above ₹20 crore in any of the previous years from 2017-18 till 2021-22 with effect from 01st April, 2022. The existing limit of ₹50 crores has been reduced to ₹20 crores vide Notification No. 01/2022 – Central Tax issued on 24th February, 2022...
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21
March
GST Update – E Invoice applicability from April 1, 2022
CBIC made E-invoice under GST mandatory for registered persons having aggregate turnover above ₹20 crore in any of the previous years from 2017-18 till 2021-22 with effect from 01st April, 2022. The existing limit of ₹50 crores has been reduced to ₹20 crores vide Notification No. 01/2022 – Central Tax issued on 24th February, 2022. ...
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12
March
Vishnu Daya Newsletter – March 2022
We are pleased to present our monthly newsletter for the month of March 2022. ...
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03
March
Due Date for Payment of Advance Tax is 15th March 2022
This is to bring to your kind attention that the due date for payment of fourth and final instalment of advance tax (100%) for the financial year 2021-22 is 15.03.2022. Kindly take necessary actions to make the payment within the due date. For taxpayers opting for Presumptive Taxation Scheme under section 44AD & 44ADA, 100% advance tax need to be paid on or before 15th March 2022 (4th quarter) Kindly let us know for any help or clarifications in this regard....
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23
February
Vishnu Daya Newsletter – February 2022
We are pleased to present our monthly newsletter for the month of February 2022. ...
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02
February
Vishnu Daya- Budget Highlights 2022-23
We are delighted to provide you an analysis of the Union Budget presented by the Union Finance Minister Ms. Nirmala Sitharaman in the Lok Sabha on 1st February 2022. We have provided you an executive summary as well as the detailed analysis of all the direct and indirect tax proposals. We have made our best effort to summarise the key changes in simpler manner under this budget highlights. Trust the same would be found useful in understanding the taxation proposals....
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