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Vishnu Daya & Co LLP > Newsletter

Yearly turnover update for MSME

We would like to inform you that, as per regulatory requirements, all entities registered under MSME are required to update their annual turnover details on the MSME portal. We kindly request you to review and update your turnover information at the earliest to ensure your MSME registration remains valid and compliant with regulatory requirements. Should you require any assistance with updating the turnover details, please feel free to contact us. We would be glad to assist you. ...

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IEC Updating requirement

We would like to bring to your attention that the annual renewal/update of your Import Export Code (IEC) is due. As per regulatory requirements, IEC holders must update their details on the DGFT portal electronically every year during the April–June period to keep the IEC active. In case there are no changes in the IEC details, the same must be confirmed online by the IEC holder. We request you to complete the above processes at the earliest to avoid any interruption to your import-export activities. In case you require any assistance with the renewal process, please feel free to contact Mr. Saravanan...

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Year end requirements FY 2025-2026

As the financial year 2025-2026 is coming to an end, there are certain statutory requirements which need to be addressed within 31.03.2026. Among them the following points which should be focused on priority basis: 1. Income tax related compliance 2. Company law related compliance 3. Micro, Small and Medium Enterprises (MSME) related compliance 4. Impact of New Labour Codes (Notified November 2025) 5. Others – books closure and accounting ...

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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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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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