18
March
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Vishnu Daya Newsletter – February 2026
We are pleased to present our monthly newsletter for the month of February 2026. Hope this is useful for you. ...
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02
March
MCA_Companies Compliance Facilitation Scheme, 2026 (CCFS-2026)
The Company Compliance Fresh Start Scheme, 2026 (CCFS-2026) provides a one-time opportunity for companies to regularize delayed statutory filings, apply for dormant status, or proceed with striking off at significantly reduced fees, along with conditional immunity from penalties. The scheme will remain valid from 15 April 2026 to 15 July 2026. ...
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02
March
Reporting under Foreign Exchange Management Act, 1999 – Returns pertaining to External Commercial Borrowing (ECB)
The RBI has amended the External Commercial Borrowing (ECB) Framework through the Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026, dated February 09, 2026 (published on February 16, 2026). Pursuant to this amendment, the reporting requirements under the Master Direction – Reporting under FEMA, 1999 have been revised. Accordingly, the prescribed return forms relating to ECB have been modified to align with the updated regulatory framework. ...
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02
March
Due Date for Payment of Fourth and final instalment of Advance Tax is 15th March 2026 for AY 2026-27
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 2025-26 (Assessment Year 2026-27) is 15.03.2026. 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 before 31st March 2026(4th Quarter). Kindly let us know for any help or clarifications in this regard. ...
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26
February
MCA_Companies Compliance Facilitation Scheme, 2026 (CCFS-2026)
The Company Compliance Fresh Start Scheme, 2026 (CCFS-2026) provides a one-time opportunity for companies to regularize delayed statutory filings, apply for dormant status, or proceed with striking off at significantly reduced fees, along with conditional immunity from penalties. The scheme will remain valid from 15 April 2026 to 15 July 2026. ...
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25
February
MCA_Companies Compliance Facilitation Scheme, 2026 (CCFS-2026)
The Company Compliance Fresh Start Scheme, 2026 (CCFS-2026) provides a one-time opportunity for companies to regularize delayed statutory filings, apply for dormant status, or proceed with striking off at significantly reduced fees, along with conditional immunity from penalties. The scheme will remain valid from 15 April 2026 to 15 July 2026. ...
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12
February
Intimation regarding filing of correction returns-Up to FY-2023-24
This is to bring to your attention that the Income Tax Act 1961 stands repealed w.e.f 01.04.2026 by virtue of section 536 of Income Tax Act 2025. Further, as per section 397(3)(f) of Income Tax Act, 2025, deductor/collector may make a e-TDS correction statement within two years from the end of the tax year in which such statement is required to be delivered under the said clauses or under section 200 of the Income-tax Act, 1961. Consequent to the above, correction statements for FY 2018-19 (Qtr. 4), FY 2019-20 to 2022-23 (Qtr. 1 to Qtr. 4) and FY 2023-24...
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01
February
Vishnu Daya _ Union Budget Highlights – FY 2026-27
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 2026. 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 summarize the key changes in simpler manner under this budget highlights. Trust the same would be found useful in understanding the taxation proposals. Please click here for accessing the entire document Budget 2026 ...
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28
January
Advisory for payment of Profession tax of Rs.300/- for the month of Feb-2026
This is to inform you that the Government of Karnataka has issued a notification dated 15 April 2025 under the Karnataka Tax on Profession, Trades, Callings and Employments (Amendment) Act, 2025. As per the notification, the Professional Tax rates are: • ₹200 per month (except for the month of February) • ₹300 for the month of February Please find the attached Advisory Note and Notification for detailed reference. Kindly ensure that you all deduct Rs. 300/- per employee for the month of February 2026. ...
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29
December
Important Reminder – Due Date for Filing Belated / Revised Income Tax Return for FY 2024–25
The last date for filing a Belated Return or a Revised Return for FY 2024–25 is 31st December 2025. 📌 Key Points for Your Attention • If the original Income Tax Return was not filed within the prescribed due date, it can be filed as a Belated Return. • If the original return has already been filed and any correction or modification is required, the same can be done by filing a Revised Return. • Both belated and revised returns must be filed on or before 31st December 2025. After this date, filing of returns for FY 2024–25 will...
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