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Vishnu Daya & Co LLP > NewsletterAlerts (Page 3)

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 not be permitted under the Income-tax...

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Due Date for Payment of Second Instalment of Advance Tax is 15th September 2025 for AY 2026-27

This is to bring to your kind attention that the due date for payment of second instalment of advance tax for the financial year 2025-26 is 15.09.2025. 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 15th March 2026 (4th Quarter) and hence no requirement of making advance tax payment in this quarter. Kindly let us know for any help or clarifications in this regard....

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Due date for filing SEZ Annual Performance Report for FY 2024-25 is 30th September 2025

This is to inform you that the due date for filing the SEZ Annual Performance Report (APR) for the financial year 2024-25 is 30th September 2025. As per Rule 22 of the SEZ Rules, 2006, every SEZ unit is required to submit the APR in Form I to the Development Commissioner by this date. We request you to kindly ensure timely preparation and submission to avoid any non-compliance....

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Important development from the Hon’ble Supreme Court concerning Permanent Establishment (PE) under the India–UAE DTAA

This is to share an important development from the Hon’ble Supreme Court concerning Permanent Establishment (PE) under the India–UAE DTAA. Summary of the Ruling • Case: Hyatt International Southwest Asia Ltd. v. ADIT (Case law attached for your reference) • Date: 24 July 2025 • Key Outcome: The Supreme Court held that a UAE-resident hotel management company had a fixed-place PE in India under Article 5(1) of the India–UAE DTAA because the hotel premises were effectively at its disposal through long-term strategic/operational control exercised under the management/oversight agreements. • Tax Consequence: Business profits attributable to that PE are taxable in India under Article 7. ...

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