12
July
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Vishnu Daya Newsletter – July 2022
We are pleased to present our monthly newsletter for the month of July 2022. ...
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12
July
GST Updates
The GST Council conducted 47th Council meeting on 29.06.2022 and announced several changes to the GST Provision and Procedures. Consequent to the meeting, CBIC has issued notifications notifying the changes in the GST procedures and clarifying certain issues. The summary of the changes to the procedures and the clarifications issued are summarised in the attached document. The rate of tax changes is yet to be notified and we shall share the same once notified. In case of any clarifications required, kindly contact: [email protected] [email protected]...
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28
June
Foreign Liabilities and Assets (FLA) Return – Due date – July 15, 2022
The Foreign Liabilities and Assets (FLA) Return, is required to be submitted to RBI by the entities which have received foreign direct investment and entities which have made overseas investments in any of the previous years. The FLA Return has to be submitted through online portal of RBI and the due date for submitting the same for the financial year ended March 31, 2022 is July 15, 2022....
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23
June
Due date for filing the Income-tax returns for FY 2021-22 is 31st July 2022.
This is to be noted that the due date for filing the Income-tax returns for FY 2021-22 is 31st July 2022 in case of following taxpayers who is non corporate assessee and whose books of account are not required to be audited. 1. All individual assessees without tax audit 2. Partnership firm and LLP without audit 3. Trusts having total gross receipts less than Rs. 2.5 lakhs 4. Association of persons (Welfare association, Apartment association) Kindly take care of this compliance and for any assistance in this regard, please send mail to below mail addresses: To: [email protected] [email protected] [email protected] CC: [email protected]...
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21
June
Due date for filing Annual Performance Report is 30th June 2022.
This is to be noted that the due date for filing auditor certified Annual performance Report for the Financial year 2021-22 by the entities which are registered as export-oriented units, STPI units and Non-STPI units is 30th June 2022....
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20
June
Key points on deduction of tax at source under Section 194R of Income Tax Act, 1961
The Finance Act, 2022 had inserted a new section 194R to the Income-tax Act, 1962 providing for deduction of tax at source (TDS) on benefit or perquisite in respect of business or profession. TDS under section 194R is applicable with effect from 01-07-2022. A brief analysis on section 194R is attached herewith to understand the provisions of the section. Let us know for any concerns in this note....
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17
June
Due Date for filing Form DPT 3 – June 30, 2022
Form DPT-3 shall be filed by all those companies which are in receipt of money in any form (i.e. Loan, advance, deposits, etc.) and which is outstanding as on March 31, 2022. The form shall be filed on or before June 30, 2022. Form DPT-3 is applicable for receipt of money by the company in any form whether such money is considered as Deposits or Exempted-Deposits and requirement of filing form DPT-3 is applicable for both Deposits as well as Exempted-Deposits. ...
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13
June
Vishnu Daya Newsletter – June 2022
We are pleased to present our monthly newsletter for the month of June 2022. ...
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06
June
Due Date of Furnishing Equalisation Levy Statement (Form-1) is 30th June 2022
The Due Date of Furnishing Equalisation levy Statement for the Financial year 2021-22 is on or before 30th June 2022. This return has to be filed by the following persons: Assessee who paid Equalisation levy (EL) of 6% on the specified services (Online advertisements services) taken from non-resident service provider. E-commerce operator who paid EL of 2% of the amount of consideration received or receivable from the e-commerce supply or services made or provided or facilitated by him. Penalty clause: If the assessee or E-commerce operator failed to furnish the Equalisation levy statement within the above prescribed time, he has to pay a penalty of...
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05
June
Due Date of Furnishing Equalisation Levy Statement (Form-1) is 30th June 2022
The Due Date of Furnishing Equalisation levy Statement for the Financial year 2021-22 is on or before 30th June 2022. This return has to be filed by the following persons: Assessee who paid Equalisation levy (EL) of 6% on the specified services (Online advertisements services) taken from non-resident service provider. E-commerce operator who paid EL of 2% of the amount of consideration received or receivable from the e-commerce supply or services made or provided or facilitated by him. Penalty clause: If the assessee or E-commerce operator failed to furnish the Equalisation levy statement within the above prescribed time, he has to pay a...
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