22
April
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Vishnu Daya Newsletter – April 2024
We are pleased to present our monthly newsletter for the month of April 2024...
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15
April
Secretarial Compliances – April 2024
Dear All, Please find attached the following compliances related to Companies Act, 2013 for April 2024 (part of Q1 FY24-25 MSME-1 filing: We need your confirmation & Data on MSME compliances by your company for the period October 1, 2023 to March 31, 2024. Please find the detailed note and the checklist attached for your reference and use. Applicability of MSME Form MSME working for 1 Oct 23 to 31 Mar 24 Kindly contact us for the MSME filing with details by 20th April, 2024. The last date for filing MSME-1 for the period October 1, 2023 to March 31, 2024 is 30th April, 2024. 2....
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02
April
IEC Updating requirement – Notification 58/2015-2020
Please note that the DGFT has issued a notification with respect to ‘requirement for renewal of IEC’ each year. Accordingly, An IEC holder has to ensure that the details in its IEC is updated electronically every year, during April-June period. In cases where there are no changes in IEC details, the same need to be confirmed by the IEC holder online. ...
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01
April
Compliance calendar for the month of April 2024
We present a compliance calendar for the due dates in the month of April 2024 covering the major due dates in Direct Taxes, Indirect Taxes and Companies Act....
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27
March
Year end requirements FY 2023-2024
As the financial year 2023-2024 is coming to an end, there are certain statutory requirements which need to be addressed within 31.03.2024. 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 the detailed note in this regard....
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16
March
Section 43B(h) – Payments to MSMEs
The Finance Act of 2023 inserted a new clause (h) in income tax section 43B that allows deductions made to MSMEs on an actual payment ground rather than the accrual basis if the payment is made within the time limit. A brief note is prepared on this new clause. ...
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10
March
Vishnu Daya Newsletter – March 2024
We are pleased to present our monthly newsletter for the month of March 2024...
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05
March
The Karnataka Compulsory Gratuity Insurance Rules, 2024
On 10th January 2024, the Government of Karnataka published the Karnataka Compulsory Gratuity Insurance Rules, 2024 (‘New Gratuity Insurance Rules’) to prescribe the requirement for employers to obtain a valid insurance policy for the employer’s liability towards payment of gratuity to eligible employees as per the Payment of Gratuity Act 1972 (‘Gratuity Act’). As per the New Gratuity Insurance Rules, every employer must obtain insurance from LIC or any other prescribed insurer for payment of Gratuity liability to the employees. The Existing employers are required to comply with this requirement within 60 days from the effective date of these rules (i.e.,...
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05
March
Due Date for Payment of Advance Tax is 15th March 2024 for AY 2024-25
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 2023-24 (Assessment Year 2024-25) is 15.03.2024. 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 31st March 2024. Kindly let us know for any help or clarifications in this regard....
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01
March
Compliance calendar for the month of March 2024
We present a compliance calendar for the due dates in the month of March 2024 covering the major due dates in Direct Taxes, Indirect Taxes and Companies Act....
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