05 March

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Due Date for Payment of Advance Tax is 15th March 2025 for AY 2025-26

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 2024-25 (Assessment Year 2025-26) is 15.03.2025. 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 on or before 31st March 2025. Kindly let us know for any help or clarifications in this regard. ...

02 February

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Vishnu Daya- Union Budget Highlights 2025-26

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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 2025. 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 summarize the key changes in simpler manner under this budget highlights. Trust the same would be found useful in understanding the taxation proposals....

02 February

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Vishnu Daya- Union Budget Highlights 2025-26

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02 January

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Supreme Court on Unauthorised Construction

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in NewsletterAlerts

We thought of bringing to your notice one important decision of the Supreme Court regarding construction of buildings, which we hope that you will find it useful. The Honorable Supreme Court of India in the case of Rajendra Kumar Barjatya and Another vs. U. P. Avas Evam Vikas Parishad & Ors. (Civil Appeal No. 14604 of 2024) and Rajeev Gupta and others vs. U. P. Avas Evam Vikas Parishad & Ors. (Civil Appeal No. 14605 of 2024) has observed on unauthorized construction issues and based on the observations issued the below mentioned directions:  The builder / applicant should provide an undertaking, at...

20 December

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Important Alert: Direct Tax Vivad Se Vishwas Scheme (VSV 2.0)

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Dear All, We would like to bring to your attention the introduction of the Direct Tax Vivad Se Vishwas Scheme, 2024 (VSV 2.0) under the Finance (No. 2) Act, 2024. This scheme provides an excellent opportunity to settle pending tax disputes as of 22nd July 2024 across various appellate forums, including disputes related to tax, interest, penalty, or fees under the Indian Tax Laws (ITL). Key Highlights of VSV 2.0: 1. Taxpayers can settle disputes by filing a declaration in the prescribed form with the Designated Authority (DA). 2. Upon submission, the DA will issue a certificate specifying the amount payable to settle the dispute...

19 December

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Important Alert: Direct Tax Vivad Se Vishwas Scheme (VSV 2.0)

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in NewsletterAlerts

We would like to bring to your attention the introduction of the Direct Tax Vivad Se Vishwas Scheme, 2024 (VSV 2.0) under the Finance (No. 2) Act, 2024. This scheme provides an excellent opportunity to settle pending tax disputes as of 22nd July 2024 across various appellate forums, including disputes related to tax, interest, penalty, or fees under the Indian Tax Laws (ITL). Key Highlights of VSV 2.0: 1. Taxpayers can settle disputes by filing a declaration in the prescribed form with the Designated Authority (DA). 2. Upon submission, the DA will issue a certificate specifying the amount payable to settle the dispute within...

10 December

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Due Date for Payment of Advance Tax is 15th December 2024 for AY 2025-26

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 2024-25 is 15.12.2024. 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 before 31st March 2025 (4th quarter) and hence no requirement of making payment in instalments. Kindly let us know for any help or clarifications in this regard. ...

07 December

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Due Date for Payment of Advance Tax is 15th December 2024 for AY 2025-26

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07 December

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Due Date for Payment of Advance Tax is 15th December 2024 for AY 2025-26

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05 December

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Compliance calendar for the month of December 2024

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in NewsletterAlerts

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

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