We present a compliance calendar for the due dates in the month of May 2023 covering the major due dates in Direct Taxes, Indirect Taxes and Companies Act....
Continue readingWe present a compliance calendar for the due dates in the month of May 2023 covering the major due dates in Direct Taxes, Indirect Taxes and Companies Act....
Continue readingThe following compliances related to Companies Act, 2013 for April 2023 (part of Q1 FY23-24) are to be complied with: 1. MSME-1 filing. The last date for filing MSME-1 for FY2022-23 October 1, 2022 to March 31, 2023 is 30th April, 2023. 2. Declaration of Directors. Form MBP-1 & DIR-8 is required from all Directors. 3. Templates for First Board Of Directors meeting 4. Statutory Register at Registered office. As per the Companies Act, 2013, every company is required to maintain various registers and records, mainly the Statutory Register. The Statutory Register contains important information about the company and its shareholders, directors, and other...
Continue readingWe are pleased to present our monthly newsletter for the month of April 2023. ...
Continue readingPlease 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. ...
Continue readingOne of the key and major amendment introduced while passing the Finance Bill, 2023 by Lok Sabha on 24th March 2023 and as approved by Parliament on 27th March post assent of the Hon'ble President on 31st March 2023 is Section 115A. Section 115A is amended to tax non-resident on royalty or Fees for Technical Service at 20% (Plus applicable Cess and surcharge) with effect from 01st April 2023....
Continue readingCBIC has issued several notifications notifying certain amnesty scheme related to late fee. The summary of the changes made are given in the attached update for your reference....
Continue readingWe present a compliance calendar for the due dates in the month of April 2023 covering the major due dates in Direct Taxes, Indirect Taxes and Companies Act....
Continue readingThe 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....
Continue readingAs 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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