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Author: Vishnu Daya

Vishnu Daya & Co LLP > Articles posted by Vishnu Daya (Page 8)

Corporate Social Responsibility: Actions required before March 31, 2023

The Companies for which the Corporate Social Responsibility (CSR) provisions are applicable for the Financial Year 2022-23 are required to spend the 2% of average net profit of preceding three financial years before March 31, 2023. In case, the CSR amount is allocated to any ongoing project, then such amount shall be transferred to a separate bank account within April 30, 2023. The Ministry of Corporate Affairs (MCA) has made it mandatory for all the companies for which CSR provisions were applicable, to file form CSR 2 through online portal of MCA on or before March 31, 2023....

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Year end requirements FY 2022-2023

As the financial year 2022-2023 is coming to an end, there are certain statutory requirements which need to be addressed within 31.03.2023. 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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Due Date for Payment of Advance Tax is 15th March 2023 for AY 2023-24

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 2022-23 (Assessment Year 2023-24) is 15.03.2023. 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 2023 (4th quarter) Kindly let us know for any help or clarifications in this regard....

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Due Date for Payment of Advance Tax is 15th March 2023 for AY 2023-24

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 2022-23 (Assessment Year 2023-24) is 15.03.2023. 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 2023 (4th quarter) Kindly let us know for any help or clarifications in this regard....

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Vishnu Daya- Budget Highlights 2023-24

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 2023. 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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POSH Act and requirement of filing Annual report for 2022 by 31st January, 2023

The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act was passed in 2013, laying down the procedures for a complaint and inquiry, and the action to be taken. Following is a gist of information with respect to compliance under POSH Act (Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Rules, 2013). 1. POSH Act is applicable on every Company, workspace, establishment or organisation employing 10 or more employees whether full time, part time, interns or on contract, irrespective of its nature of industry of location. 2. Internal Complaints Committee has to be mandatory set up in each...

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