05 March

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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.,...

05 March

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Due Date for Payment of Advance Tax is 15th March 2024 for AY 2024-25

Posted by Vishnu Daya

in NewsletterAlerts

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....

01 March

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Compliance calendar for the month of March 2024

Posted by Vishnu Daya

in NewsletterAlerts

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....

01 February

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Compliance calendar for the month of February 2024

Posted by Vishnu Daya

in NewsletterAlerts

We present a compliance calendar for the due dates in the month of February 2024 covering the major due dates in Direct Taxes, Indirect Taxes and Companies Act....

29 January

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POSH Act and requirement of filing Annual report for 2023 by 31st January, 2024

Posted by Vishnu Daya

in NewsletterAlerts

POSH Act and requirement of filing Annual report for 2023 by 31st January, 2024 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...

03 January

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Compliance calendar for the month of January 2024

Posted by Vishnu Daya

in NewsletterAlerts

We present a compliance calendar for the due dates in the month of January 2024 covering the major due dates in Direct Taxes, Indirect Taxes and Companies Act....

20 December

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LLP Alert: Applicability of SBO rules for LLPs in India

Posted by Vishnu Daya

in NewsletterAlerts

Applicability of SBO rules for LLPs in India The ministry of Corporate Affairs (MCA) has implemented identification and declaration/disclosure of SBO in LLPs by notifying The Limited Liability Partnership (Significant Beneficial Owner) Rules, 2023 effective from 10th November 2023. Accordingly, 1. Every individual who is a significant beneficial owner should give declaration to Reporting LLP in Form LLP BEN -1 within 90 days from 10/11/2023. 2. Upon receipt of declaration, the reporting LLP should file a return in Form No. LLP BEN- 2 with ROC, within 30 days from the date of receipt of such declaration. 3. Every LLP should maintain a register of significant beneficial owners...

20 December

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MCA notifies LLP Rules to maintain register of partners and declaration of names of persons holding interest in the LLP

Posted by Vishnu Daya

in NewsletterAlerts

We present another alert on the below topic: MCA notifies LLP Rules to maintain register of partners and declaration of names of persons holding interest in the LLP The ministry of Corporate Affairs (MCA) has notified The Limited Liability Partnership (Third Amendment) Rules, 2023, which amend the Limited Liability Partnership Rules, 2009. These Amended Rules will be effective from 27 October 2023 and will be applicable to every LLP. Register of Partners: (1) Every LLP should, from the date of its incorporation, maintain a register of its partners in Form 4A to be kept at the registered office of the...

19 December

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MCA mandates every Company to designate a person for furnishing information on SBO

Posted by Vishnu Daya

in NewsletterAlerts

The Ministry of Corporate Affairs (MCA) vide its notification dated 27/10/2023 has notified the Companies (Management and Administration) Second Amendment Rules, 2023 thereby amending the Companies (Management and Administration) Rules, 2014....

01 December

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Due Date for Payment of Advance Tax is 15th December 2023 for AY 2024-25

Posted by Vishnu Daya

in NewsletterAlerts

This is to bring to your kind attention that the due date for payment of third instalment of advance tax (75%) for the financial year 2023-24 is 15.12.2023. 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 before 31st March 2024 (4th quarter) and hence no requirement of making payment in instalments....

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