VKDS FY 2024-25 Important Statutory Due Dates


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VKDS FY 2024-25 Important Statutory Due Dates
Category: Due Dates, Posted on: 16/05/2024

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IMPORTANT STATUTORY DUE DATES

FOR FY 2024-25

INCOME TAX (Other than TRSUST /TDS /TCS)
1	Return of Income – for Assessment year 2024-25 (i.e. FY-2023-24)	Due Dates
	Person not required to be Audited	On or before 31^st July, 2024
	Person required to be Audited & Companies	On or before 31^st October, 2024
	Person required to furnish their International transactions (s) in Form 3CEB & 3CEAA	On or before 30^th November, 2024
	Belated or Revised return for FY 2023-24	On or before 31^st December, 2024
	Updated return
	i) Filed within 12 months from the end of relevant assessment year	25% of additional tax (in addition to normal tax and interest + Late filing Fees)
	ii) Filed within 24 months from the end of relevant assessment year	50% of additional tax (in addition to normal tax and interest + Late filing Fees)
	Filing of Country-by-Country Report Intimation (CbCR) – Specified TP Cases - 3CEAD	On or before 30^th December, 2024
2	Audit Reports – for Assessment year 2024-25 (i.e. FY-2023-24)	Due Dates
	Assessee who has not entered into an international or specified domestic transaction	On or before 30^th September, 2024
	In Respect of assessee having an International or specified domestic transaction -3CEB	On or before 31^st October, 2024
3	Other Forms	Due Dates
	Due date for furnishing of statement of financial transaction u/s 285BA in respect of FY 2023-24 (furnish annual information return i.e base date for AIS & TIS )	On or before 31^st May, 2024
	Equalisation Levy Statement – (Statement of Specified Services or E-Commerce Supply or Services )	On or before 30^th June, 2024
4	Payment of Advance Tax – for AY 2025-26	All Assessee other than 44AD/ 44ADA cases
	On or before 15^th June, 2024	15 % of Advance tax less TDS & advance tax already paid
	On or before 15^th September, 2024	45 % of Advance tax less TDS & advance tax already paid
	On or before 15^th December, 2024	75 % of Advance tax less TDS & advance tax already paid
	On or before 15^th March, 2025	100 % of Advance tax less TDS & advance tax already paid
	For taxpayers who have opted for Presumptive Taxation Scheme under 44AD & 44ADA – Business Income
	On or before 15th March, 2025		100% of advance tax (Single payment)

CHARITABLE TRUST
1.	Return of Income – for Assessment year 2024-25 (i.e. FY-2023-24)	Due Dates
	Filing of ITR by Trust (ITR-5 / ITR-7), if audit of books and accounts is not required	On or before 31st July, 2024
	Filing of ITR by Trust (ITR-5 / ITR-7) if audit of books and accounts is required	On or before 31^st October, 2024
2	Audit Reports – for Assessment year 2024-25 (i.e. FY-2023-24)	Due Dates
	Audit report in form 10 B needs to be filed	On or Before 30^th September 2024
3	Other Forms	Due Dates
	Form 10A (Registration of Trusts)	At least one month before the end of the financial year (i.e on or before February)
	Donation Return(10BD) by Trust / Society - Sec 80 G (For FY 2023-24)	On or before 31^st May, 2024
	Form 10 AB Renewal of Registration of Trusts (Provisional to Regular registration)	At least 6 month prior to expiry of provisional registration or with in 6 months of commencement of its activities whichever is earlier. At least six months before the end of five years (i.e on or before September)
	Applicable from Oct 2023 – where activity of the trust / institution have commenced and No income (or part) has been excluded on account of applicability of sec 10(23c)(vi)/(v)/(vi)/(via) or section 11/12 for any previous year ending or before the date of such application	Any time after the commencement of the activities
	Form No. 9A (85% not utilized due to amount not received to the trust (eg; in accrual basis of accounting)	To be filed atleast 2 months prior to the due date of filing return of income under section 139(1)
	Form No. 10 (shorter of 85% may be accumulated up to 5years in normal course of trust activities)	To be filed atleast 2 months prior to the due date of filing return of income under section 139(1)

TAX DEDUCTED / COLLECTION AT SOURCE (TDS /TCS)
1	Payment of TDS/TCS	Due Dates
	Every Month except March	On or before 7^th of the subsequent (next) month
	For the Month of March	TDS On or before 30^th April of the year TDS On or before 7^th April of the year (For Gov. Deductors) TCS On or before 7^th April of the year
2	Filing of Quarterly TDS Return	Due Dates
	For Q1 – April to June	On or before 31^st July 2024
	For Q2 – July to September	On or before 31^st October 2024
	For Q3 – October to December	On or before 31^st January 2025
	For Q4 – January to March	On or before 31^st May 2025
3	Issuing Quarterly TDS Certificate	Due Dates for generating Form 16 & 16A
	For Q1 – April to June	On or before 15^th August 2024 - Non Salary (16A)
	For Q2 – July to September	On or before 15^th November 2024- Non Salary (16A)
	For Q3 – October to December	On or before 15^th February 2025 - Non Salary (16A)
	For Q4 – January to March	On or before 15^th June 2025 - Salary & Non Salary (16 & 16A)
4	Filing of Quarterly TCS Return	Due Dates
	For Q1 – April to June	On or before 15^th July 2024
	For Q2 – July to September	On or before 15^st October 2024
	For Q3 – October to December	On or before 15^th January 2025
	For Q4 – January to March	On or before 15^th May 2025
5	Issuing Quarterly TCS Certificate	Due Dates for generating Form 27D
	For Q1 – April to June	On or before 30^th July 2024
	For Q2 – July to September	On or before 30^th October 2024
	For Q3 – October to December	On or before 30^th January 2025
	For Q4 – January to March	On or before 30^th May 2025

GOODS & SERVICE TAX (GST)
Form No:	Particulars		Due Dates
(A) Regular Returns
GSTR 1		Turnover above Rs.5 Cr Monthly filing & Others not opting for QRMP Scheme	11^th of Next Month
GSTR 1		For those opting for QRMP Scheme	13^th of the Month Succeeding Quarter
GSTR 3B		Turnover above Rs.5 Cr Monthly filing & Others not opting for QRMP Scheme	20^th of Next month
GSTR 3B		For those opting for QRMP Scheme	22nd or 24th day of the month succeeding quarter (depending on place of registration)
IFF (QRMP)		Invoice Furnishing Facility (For those opting for QRMP Scheme)	Optional till 13^th of next month after which it cannot be filed.
PMT – 06 (QRMP)		Payment Challan for the first two months for those opting for QRMP Scheme.	25^th of Next month.
GSTR-9		Annual Return (Applicability Criteria yet to be Defined)	31-Dec-2024
GSTR-9C		Reconciliation Statement (Applicability Criteria yet to be Defined.)	31-Dec-2024
(B) Composition Scheme Returns
GSTR-4		Composition Taxpayer (Annually)	30^th April of the next financial year
CMP – 08		Challan cum Statement (Quarterly)	18^th of the month succeeding quarter.
(C) Special Returns
GSTR-5		Return for Non-resident foreign taxable person	13^th of next month
GSTR-6		Return for Input Service distributor	13^th of next month
GSTR-7		Return for authorities deducting tax at source	10^th of next month
GSTR-8		Details of supplies effected through e-commerce operator and the amount of tax collected	10^th of next month
GSTR-10		Final Return (At the time of Cancellation)	Within 3 months of later of date of cancellation or date of cancellation order
GSTR-11		Details of inward supplies to be furnished by a person having UIN and claiming refund	28th of the month following the month in which the inward supply is received by the UIN Holders
(D) Input Tax Credit (ITC) and Its reversal
CGST Sec 16(4)		Last date for taking Previous year ITC during current finical year as per Sec 16(4) of CGST Act	30^th Nov of every year
CGST Rule 37		The recipient fails to pay consideration to the supplier (whether fully or partly) for a particular supply	Within 180 days from the date of issue of the invoice.
CGST Rule 37A		he supplier fails to pay tax through GSTR-3B by 30th September of the following year	On or before 30th November of the following financial year.
CGST Rule 38		Reversal of 50% of ITC by banking and other financial companies under special rules	At the time of filing regular returns.
CGST Rule 42		Inputs used to make an exempt supply or for manufacturing supplies some of which were used for non-business or personal purposes	On a periodic basis (monthly/yearly) using a formula given below for common credits
CGST Rule 43		Capital goods used to make an exempt supply or for manufacturing supplies some of which were used for non-business or personal purposes	On a periodic basis (monthly/yearly) using a formula given below for common credits
CGST Rule 44		Cancellation of GST registration or switching to composition scheme	While filing form REG-16 under various situations explained in detail in our article on the cancellation of GST registration or through ITC-03 while opting for composition scheme.
CGST Sec 17(5)		ITC has been availed on ‘blocked credits’	At the time of filing regular returns up to the date of filing annual returns.
CGST Sec 17(5((h)		Inputs used in goods that were lost, destroyed, stolen, etc.	At the time of filing the regular returns in relation to the month in which such loss had occurred.
CGST Sec 17(5)(h)		Inputs used in goods that were given out as free samples	At the time of filing the regular returns in relation to the month in which such free samples were given out

Note: It's Mandatory to file Nil Return also.

FOR COMPANIES – ROC FILING

Events

Forms

Due dates

Board meeting –

Minimum 4 board meeting has to be conducted in a year. Intervening period between two consecutive meetings shall not more than 120 days.

(If OPC having more than one director, small company or dormant company, One Board meeting can be conducted in each half of a calendar year and the gap between the two meetings should not be less than ninety days)

Form MGT-14

(Not Applicable for Private Limited Govt.,Sec 8 & Nidhi Companies)

Within 30 days from the date of Board meeting held.

Annual General meeting -

Every year one AGM to be conducted the gap between two AGM shall not more than 15 months and it shall be held within a period of 6 months from the date of closing of the financial year.

1. Intimation of Appointment of Auditors

2. Copy of financial statement to be filed with Registrar – (Form AOC-4/AOC-4(XBRL)/AOC-4(CFS).

3.Annual return –(Form MGT-7/7A)

4.MGT -15 Report on annual general meeting (only for listed companies )

Within 15 days from date of general meeting in which auditor was appointed.

Within 30days from the Conclusion of AGM.

Within 60 days from the Conclusion of AGM.

Within 30days from the date of AGM

Creation / Modification /Satisfaction of Charges

1. Form CHG-1-for registration of creation /Modification of charges with ROC

2. Form CHG-4 – for satisfaction of charge

Within 30 days of creation/ Modification of charges.

Within 30 days of payment/satisfaction.

Resolutions and /or Agreement to be filed as required by the Companies Act 2013 and Rules

Form MGT-14

(Not Applicable for Private Limited Govt.,Sec 8 & Nidhi Companies)

Within 30days of passing of resolution or making of agreement.

Details of all outstanding dues to

Micro or small enterprises - The company shall file details of the amount of payment due to Micro and Small Enterprise Suppliers along with the reason of delay.

FORM MSME – I

Half-Yearly Return: by 31st October for the period from April to September and by 30th April for the period from October to March.

Every director who has been allotted DIN as on 31^st March of a Financial Year and whose DIN Status is ‘Approved’ would be mandatorily required to be filed.

Form DIR-3-KYC

On or before 30th September every financial year.

The concept of significant Beneficial owner, is to catch those individuals whose name does not appears in the register of members and who holds the significant Beneficial Interest in a Company.

Every individual who is a significant beneficial owner in a reporting company, shall file a declaration to reporting company.

After receiving the declaration in BEN-1, the reporting Company shall file a return in with Registrar

FORM BEN-1

Form BEN-2

Within 30days of acquiring such significal beneficial ownership or any changes therein

within 30 days from the date of receipt of such declaration

Return of Deposits - Every company other than Government Company, Banking Company, NBFC’s & HFC’s shall File One time return of outstanding receipt of money or loan by a company which is not considered as deposits as per rule 2 (1) (c)

Form DPT-3

On or before 30.06.2024

Registration of Entities for undertaking CSR

Activities (Section8 companies, registered public

trusts, registered under section 12A & 80G of

income tax )

Form CSR-1

No Due date, But

without filing CSR-1,

company/ entity is

prohibited to spend CSR

expenditure. w.e.f 01.04.2021

Report on Corporate Social Responsibility (CSR)

Form CSR-2

To be filed as an addendum to Form AOC-4.

FOR LLP – ROC FILING
	Events	Forms	Due dates
1	LLP Annual Return	Form 11	30^th May 2024
2	Statement of Account & Solvency	Form 8	30^thOct 2024
3	For registration of creation Modification of charges with ROC	Form 8	Within 30 days of creation/ Modification of charges.
4	For satisfaction of charge	Form 8	Within 30 days of payment/satisfaction.

RBI / FEMA
	Particulars	Due Dates
1	FLA (Foreign Liability and Asset) Annual Return Companies who involved with FDI (Foreign Direct Investments) or companies who invest in foreign companies either via joint venture or wholly owned subsidiaries, also termed as Overseas Direct Investment (ODI).	15^th July of next financial year
2	Form FC-GPR (Foreign Currency-Gross Provisional Return) -This form has to be filed when an Indian company issues securities to a non-resident	Within 30 days from the date the securities are allotted to the non-resident. The Indian company is required to file this form.
3	Form FC-TRS -This form has to be filed when the shares of an Indian company are transferred by a non-resident shareholder to an Indian resident or vice versa	Within 60 days from the date of remittance of the purchase consideration or date of transfer, whichever is earlier. The Indian resident party is required to file this form.

PROVIDENT FUND - PF

Payment & Filing of Return PF

Due Dates

Monthly payment / PF Return

On or before 15^th of the subsequent (next) month

EMPLOYEES STATE INSURANCE - ESI

Payment & Filing of Return ESI

Due Dates

Monthly payment / ESI Return

On or before 15^th of the subsequent (next) month

PROFESSIONAL TAX
1	Payment of Professional Tax	Due Dates
	For April to September	On or before 30^th September
	For October to March	On or before 31^st March

STPI
1	Forms	Due Dates
	SOFTEX forms	Within 30 days from the issues of export invoice.
	Filing of monthly Performance Report (MPR)	7th of next month
	Filing of Quarterly Performance Report (QPR)	7th of next month quarter
	Filing of Annual Performance Report (APR)	30^th June 2024

“HERE’S WISHING YOU ALL THE BEST AND MUCH MORE SUCCESS”

THANK YOU

TEAM VKDS

Date : 01.04.2024

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