23 August

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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. ...

22 August

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Implementation of the Employment Linked Incentive (ELI) Scheme – Effective August 1, 2025

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We wish to inform you that the Employment Linked Incentive (ELI) Scheme will come into effect from August 1, 2025. Key Highlights: Objective: Promote formal employment, enhance employability, and expand social security coverage, with a focus on the manufacturing sector. Target: Creation of 3.5 crore jobs over two years (Aug 1, 2025 – Jul 31, 2027). Budget Outlay: ₹99,446 crore. Implementation Agency: Employees’ Provident Fund Organisation (EPFO)....

05 August

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CBDT Circular No. 9/2025 on PAN inoperability and TDS/TCS Compliance

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in NewsletterAlerts

At Vishnu Daya & Co. LLP, we believe in keeping you well-informed about the latest regulatory developments, always striving to ease your compliance journey with care, clarity, and diligence. The Central Board of Direct Taxes (CBDT) has issued Circular No. 9/2025 dated July 21, 2025 (attached herewith for all of your perusal and records), providing much-needed relief to deductors and collectors in cases where PANs of deductees/collectees were rendered inoperative due to non-linkage with Aadhaar. ...

05 August

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CBDT Circular No. 9/2025 on PAN inoperability and TDS/TCS Compliance

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05 June

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Due Date for Payment of First Installment of Advance Tax is 15th June 2025 for AY 2026-27

Posted by Vishnu Daya

in NewsletterAlerts

This is to bring to your kind attention that the due date for payment of first instalment of advance tax for the financial year 2025-26 is 15.06.2025. 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 31st March 2026 (4th Quarter) and hence no requirement of making payment in instalments. Kindly let us know for any help or clarifications in this regard....

04 June

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Due Date of Furnishing Equalisation Levy Statement (Form-1) is 30th June 2025 for financial year 2024-25

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in NewsletterAlerts

The Due Date of Furnishing Equalisation levy Statement for the Financial year 2024-25 is on or before 30th June 2025. This return has to be filed by the following persons: 1. Assessee who paid Equalisation levy (EL) of 6% on the specified services (Online advertisements services) taken from non-resident service provider during the period from 1st April 2024 to 31st March 2025. 2. E-commerce operator who paid EL of 2% of the amount of consideration received or receivable from the e-commerce supply or services made or provided or facilitated by him during the period from 1st April 2024 to 31st July 2024. Penalty...

03 June

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Secretarial Compliances for June 2025

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Please note the Secretarial Compliances for the month June, 2025 for Companies/LLP. Request you to go through the attached check list for applicable compliances....

05 May

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Secretarial Compliances_May 2025

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in NewsletterAlerts

We present an alert on the below topic: Secretarial Compliances_May 2025 Please check the applicability of Mandatory Secretarial Compliances for May 2025. 5. MCA related Compliances for May 2025...

04 May

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MSME Certificate Updating requirement

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in NewsletterAlerts

The Micro, Small and Medium Enterprises Development Act (MSMED), 2006 was enacted to support the creation and development of MSMEs. In the Union Budget 2025, Finance Minister Nirmala Sitharaman announced a major update to the New MSME classification, increasing the investment limit by 2.5 times and doubling the turnover limits. The revised MSME criteria comes into effect from April 1, 2025. It is a mandatory requirement to keep the MSME Certificate Updated every year. Under the Udyam Registration system, MSME units are expected to update their details regularly, particularly because of the revised classification norms. ...

03 May

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Due date of Form 10BD / Form 10BE is 31st May 2025

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in NewsletterAlerts

One of the compliances to be made by a charitable organisation or an institution such as trust, research institutions, colleges, universities or other institutions is to file Form 10BD and issue a Form 10BE certificate to the Donor. CBDT issued a Notification no. 19/2021 dated 26th March 2021 prescribing a Form 10BD to be filed by institutions providing specific details of the donations made by the donors. After filing a statement of donations in Form 10BD, the institution has to download the certificate in Form 10BE certificate of donation and provide the same to the donors. The due date for...

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