16 March

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Update on E Invoicing requirement

The Government has amended the requirement for the issuance of E Invoice. As per Notification No. 05/2021 – Central Tax 8th March 2021, the tax payers with turnover exceeding INR 50 crores in any financial year from 2017-18 are required to issue E Invoice in respect of the B2B supplies and export transactions....

12 March

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Mandatory requirements in letterheads and websites of the Companies as per the Companies Act, 2013

Posted by Vishnu Daya

in NewsletterAlerts

As observed, many companies have not maintained letter heads and website as per Section 12 of the Companies Act, 2013, there are instances where Registrar of Companies has issued notice for not complying with the same and the penalty could be Rs. 1 lakh for company and for each director. Kindly ensure to maintain the letter heads of the Company and website, if any, as below: It is mandatory for all the companies to mention the following on the letterheads: - Name, registered office address, Corporate Identity Number (CIN) along with telephone number, fax number, if any, e-mail and website addresses, if any If...

08 March

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CSR Amendments

Posted by Vishnu Daya

in NewsletterAlerts

The Ministry of Corporate Affairs introduced various amendments to CSR provisions through the Companies (Corporate Social Responsibility) Rules, 2021 which was notified on January 22, 2021. The amendment provides more transparency on CSR spending and provides rules on monitoring and implementing CSR activities. In this regard we enclose a detailed note covering the actions required by the Companies for FY 2020-2021....

05 March

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Due Date for payment of fourth instalment of advance tax is 15th March, 2021

Posted by Vishnu Daya

in NewsletterAlerts

This is to bring to your kind attention that the due date for payment of fourth instalment of advance tax (100%) for the financial year 2020-21 is 15.03.2021. Kindly take necessary actions to make the payment within the due date....

20 February

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Union Budget 2021- Proposed Amendments to the Companies Act, 2013

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in NewsletterAlerts

MCA notifies certain amendments to provisions relating to Small Companies and One Person Companies with effect from April 1, 2021...

06 February

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Compliance for filing income tax return by foreign Companies

Posted by Vishnu Daya

in NewsletterAlerts

* Foreign Companies who have taxable income in India are supposed to file the return of Income in India. * The above requirement is applicable only if the tax is withheld at the rates prescribed as per DTAA and not applicable if the tax is withheld at the rates prescribed as per Indian Income Tax Act. * The due date for filing the return of income for the Financial Year 2019-20 is 15th February 2021....

02 February

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Vishnu Daya- Budget Highlights 2021-22

Posted by Vishnu Daya

in NewsletterAlerts

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 2021. 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 summarise the key changes in simpler manner under this budget highlights. Trust the same would be found useful in understanding the taxation proposals....

30 January

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Due date for filing Annual return under POSH Act is 31st January 2021

Posted by Vishnu Daya

in NewsletterAlerts

This is to inform that the due date for filing Annual return under POSH Act [Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013] for the year 2020 is 31st January 2021....

20 January

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Vishnu Daya Newsletter- December 2020

Posted by Vishnu Daya

in NewsletterAlerts

We are pleased to present our monthly newsletter for the month of December, 2020. Hope this is both timely and useful for you....

11 January

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Due Date for 3rd quarter TCS /TDS returns

Posted by Vishnu Daya

in NewsletterAlerts

This is to bring to your notice that the due date for filing quarterly E-TDS/ E-TCS return for the 3rd quarter of FY 2020-21 is as below:  15th January 2021 for filing 27EQ  31st January 2021 for filing 27Q,26Q and 24Q ...

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