compliance calendar (2019-20) - skp groupcompany companies act all form adt - 1 for appointment of...

Compliance Calendar (2019-20)

Compliance State Activity Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb MarIncome Tax All Payment of TDS on salary and other payments 30th 7th 7th 7th 7th 7th 7th 7th 7th 7th 7th 7th

Income Tax All Filling of Etds returns24Q for salaries26Q for payments other than salaries27Q for payments to non residents27EQ for tax collected at source

31st 31st 31st 31st

Income Tax All Issuance of TDS certificates - salary (Form 16) 15th

Income Tax All Issuance of TDS certificates - other than salary (Form 16A)

15th 15th 15th 15th

Income Tax All Payment of advance tax instalments 15th 15th 15th 15th

Income Tax All Filing Income tax returns for non Corporate assesses 31st

Income Tax All Filing return of income and tax audit report for Corporate assessee and Branch Offices who are not required to furnish report referred to in section 92E and filling of return of income by Liaison Offices

30th

Income Tax All Filing return of income and tax audit report for Corporate assessee and Branch Offices who are required to furnish report referred to in section 92E

30th

Income Tax All Annual statement u/s 285 in form 49C by Liaison / Branch Offices

30th

Transfer Pricing All Filing of Transfer Pricing Report / Certificate (Form 3CEB) with income tax department

30th

Transfer Pricing All #Masterfile compliance in Form 3CEAA - Part A and Part B,

30th

Transfer Pricing All #Form 3CEAB - designating an entity to do masterfile compliance where there are more than one entities resident in India

31st

Transfer Pricing All *Country by Country Reporting intimation in Form3CEAC

31st

Transfer Pricing All *Country by Country Report in Form 3CEAD 31st

GST All Payment of GST liability and GSTR - 3B Summary Return (Return for inward and outward supply has to be filed in the subsequent month.)

- 20th 20th 20th - - - - - - - -

GST All GSTR - 1 Return of Outward Supplies - turnover of more than 1.5 crore rupees in the preceding financial year or the current financial year (filing has to be done in the subsequent month).

- 11th 11th 11th - - - - - - - -

GST All GSTR - 1 Return of Outward Supplies for April to June 19 quarter - turnover of up to 1.5 crore rupees in the preceding financial year or the current financial year.

- - - 31st - - - - - - - -

GST All GSTR - 9 Annual Return for 2017-18 - - 30th - - - - - - - - -GST All GSTR - 9 Annual Return for 2018-19 - - - - - - - - 31st - - -Non-STP MaharashtraFiling Monthly Performance Reports (Online) 10th 10th 10th 10th 10th 10th 10th 10th 10th 10th 10th 10thNon-STP MaharashtraFiling of Quarterly Performance Report (Online &

Physical)30th (previous

march)15th 15th 15th

Non-STP MaharashtraFiling of Annual Performance Report (Online & Physical)

30th

Non-STP MaharashtraFiling of Softex Forms (Online & Physical)STPI MaharashtraFiling of Softex Forms STPI MaharashtraFiling Monthly Performance Reports (Online) 10th 10th 10th 10th 10th 10th 10th 10th 10th 10th 10th 10th

STPI MaharashtraFiling of Quarterly Performance Report (Online) 15th (pevious march)

15th 15th 15th

STPI MaharashtraFiling of Annual Performance Report (Provisional) 30th

Within 30 days from date of invoiceWithin 30 days from date of invoice


Compliance State Activity Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb MarSTPI MaharashtraFiling of Annual Performance Report (Audited) 30th

STPI MaharashtraPayment of Annual STPI fees

Profession Tax - Employee

MaharashtraPayment and filling of return where annual tax liability for the previous year is less than Rs. 50,000

31st


MaharashtraPayment and filling of return where annual tax liability for the previous year is Rs. 50,000 or more and in case of first year of registration

30th 31st 30th 31st 31st 30th 31st 30th 31st 31st 28th 31st


Karnataka

Payment of Professtion tax 21st 21st 21st 21st 21st 21st 21st 21st 21st 21st 21st 21st


Karnataka

Filing of return 21st 21st 21st 21st 21st 21st 21st 21st 21st 21st 21st 21st

Profession Tax- Company

Maharashtra

Payment of company profession tax 30th

Provident Fund All Payment of provident fund and return 15th 15th 15th 15th 15th 15th 15th 15th 15th 15th 15th 15th

Employees State Insurance

All Payment of ESI & Return Filing 15th 15th 15th 15th 15th 15th 15th 15th 15th 15th 15th 15th

Employees State Insurance

All ESI returns - Six monthly 12th 11th

Labour Welfare Fund

MaharashtraPayment to Government 15th 15th

Labour Welfare Fund

Haryana Payment to Government 31st

Labour Welfare Fund

Delhi Payment to Government 15th 15th

Labour Welfare Fund

KarnatakaPayment to Government 15th

SEZ Legislation (Refer Note 2)

All Annual Performance report by SEZ unit 27th


All Monthly performance report by SEZ unit 5th 5th 5th 5th 5th 5th 5th 5th 5th 5th 5th 5th


All Service Export Reporting form (SERF) 10th 10th 10th 10th 10th 10th 10th 10th 10th 10th 10th 10th


All Filing of Softex Forms

Companies Act All Updating of Statutory Registers of Members, Directors etc.

Companies Act All Board meetings

Companies Act All Board meeting Notice along with Agenda

Companies Act All Draft Board meeting Minutes

Companies Act All Finalisation of minutes of meetings (Board / Shareholders)

Companies Act All Signed minutes of Board meetings Companies Act All $Annual General Meeting (AGM)Companies Act All Filing of Annual Return

Companies Act All Filing of Financial Statement for accounting year

Companies Act All Form INC-22 for shifting of registered office of the company

Companies Act All Form ADT - 1 for appointment of Auditor

Companies Act All Other Forms like DIR-12 (Change in directors), PAS-3 (Allotment of shares), SH-7 (Change in authorised capital), MGT-14 (Filling of resolutions), CHG-1 and CHG-4 (Creation and satisfaction of charge) etc.

Companies Act All Payment of Dividend

Companies Act All XBRL Filling for listed companies, companies with paid up share capital 5 crore or above or having turnover of Rs. 100 crore

10th April or on entering the higher slab

Within 30 days from the date of event or effective date

Within 30 days from the date of AGM

Within 30 days of the effective date of shifting the registered office and appointment of Auditor

Open a separate Bank account for this purpose and transfer the amount of dividend within 5 days of declaration (Board/ AGM) then make payment of the same within 30 days of declaration

On the occurrence of respective event like appointment and resignation of director, allotment of shares etc.

Within 60 days from the date of AGM

Circulated to all directors within 15 days from the meeting

Within 30 days from the date of adopting the Financial Statements (i.e. date of AGM)

Circulated to all directors within 15 days from the signing of minutes

Within 30 days from date of invoice

Within 30 days from the conclusion of the meeting

Circulated to all directors at least 7 days before the meeting

Four meetings need to be conducted in a FY and the gap between two meetings should not exceed 120 days.

AGM should be convened within six months of closure of financial year

Within 15 days of appointment of Auditor


Compliance State Activity Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb MarCompanies Act/LLP All Filing of DIR-3 KYC of all directors/designated partners,

who has DIN as on 31st March of previous financial year

30th 31st

Companies Act All Initial reporting - Filing of details of outstanding amounts to MSME vendors as on January 22, 2019

30th

Companies Act All Annual reporting - Half-yearly filing of details of outstanding amounts to MSME vendors as (The MCA has not yet clarified whether the filing due in April is required to be done)

30th 31st

Companies Act All Filing of details of significant beneficial owner (SBO)(As on May 17, 2019 the form is not yet deployed)

7th

Companies Act All Filing of ACTIVE form i.e. INC-22A 15th

Companies Act All One Time Reporting due to amendment in Rule 16A of deposit Rules - Filing of return of exempted deposits as on 31st March 2019

28th

Companies Act All Annual Reporting due to amendment in Rule 16 of the deposit Rules- Filing of return of exempted deposits as on 31st March 2019

28th

Companies Act All Filling of accounts, auditors report and world accounts by Liaison offices and Branch Offices- Form FC-3

Companies Act All Form FC-2 for reporting changes in the charter, directors, name, address etc. of the parent company, Authorised representative by Liaison Offices and Branch Offices

Companies Act All Declarations & Disclosure of interest in other companies by Directors

31st

Companies Act All Annual Return by Liaison office and Branch offices 30th

Fema/RBI All Form FCGPR

Fema/RBI All Form FC-TRS

Fema/RBI All ECB-2 Return

Fema/RBI All Annual Return of Foreign Assets & Liabilities 15th

Fema/RBI All **Filling of annual activity certificate alongwith financials by Liaison Offices and Branch Offices with AD Bank and Directorate General of Police

30th

Fema/RBI All Reporting of partners contribution in Form FDI LLP 1

Fema/RBI All Reporting of transfer of capital in form LLP 2

LLP All Change in LLP Agreement

LLP All Change in Partners in Form 4 and shifting of registered office in Form 15

LLP All Annual Return in Form 11 for accounting year ending 31 March

30th

LLP All Signing of Financial Statement for accounting year ending 31 March

30th

LLP All Filing of Financial Statement for accounting year ending 31 March in form 8

30th

LLP All Appointment of auditors for current financial year 28th

Note:

Within 30 days from the date of allotment

Within 30 days of such change

If transfer is recorded by the board of directors then within 60 days of the board meeting. If transfers are not recorded within 60 days from the date of receipt of the amount of consideration for the proposed Transfer from a resident to a non-resident / non-resident Indian and vice versa. The form is to be filed with Authorised Dealer (Banker)

Within six months from the closure of financial year

within 7 days from the end of month

1) The compliance calendar is prepared basis on the provisions/ procedures notified as on date. Kindly note that various amendments are still being introduced. In case of any amendments being introduced subsequent to the date of this compliance calendar and where such amendment is relevant to you weshall update you separately.

Within 30 Days from the date of credit of Funds in Bank Account of Indian Company with the Authorised Dealer (Banker)

Disinvestment / transfer of capital contribution or profit share between a resident and a non-resident (or vice versa) shall require to be reported within 60 days from the date of receipt of funds

Within 30 days of change

Within 30 days of change


3) The compliances related to GST are specified for the quarter April to June 2019 as per the government notification. Further, due dates for GSTR - 2, GSTR - 3 and GSTR - 7 are yet to be notified.

4) The compliances related to STPI may vary as per the juridisction. Kindly connect with respective IDT client co-ordinate to understand any additional compliances with regard respective STPI and Non- STPI clients.

*For reporting entity having Year as Jan- Dec, 3CEAD filing date would be within 12 months (i.e. Dec), and 3CEAC filing is 2 months prior (i.e. 31 Oct). This will change depending on the year end followed by the entity filing CbcR on behalf of the group

#For some clients ROI/ 3CEB due date can be Sep/ August also. In that case Masterfile compliance date which is linked to return of income date will also undergo a change accordingly. Please note that Form 3CEAB is to be filed one month prior to Form 3CEAA.

$ First Annual General Meeting can be convened within 9 months from the closure of financial year.

** Annual Activity Submissions to AD Bank for Liaison Offices are required to be done by May 29 every year

2) As per SEZ legislation, SEZ units are required to file an annual performance report in Form I. All other compliance for SEZ units will vary depending on activity undertaken by SEZ unit, sector of SEZ unit operations, requirements of jurisdictional SEZ office, etc. Kindly connect with respective IDT client co-ordinate to understand any additional compliances with regard respective SEZ unit clients.

List of payments and procedures with regard to Withholding Taxes For The Financial Year 2019-20

Particulars Time of deposit of tax Certificate of tax deduction Rate of ExemptionParticulars Form Time limit deduction limit

Salary [Sec 192] Tax should be deposited within 1 week from the end of the month in which salary is paid. Due date of 30 April for the salary paid in March.

Issue certificate in Form No 16 by 31st May of Financial Year(FY) immediately following the FY in which the income was paid/credited.

Quarterly Statement furnishing details of taxes deducted

24Q 31/Jul/2019,31/Oct/2019,31/Jan/2020,31/May/2020

As applicable to individual Part-III Schedule I of the Finance Act.

Up to 2.5 Lakhs -NILUp to 3 Lakhs - Nil for senior citizens (Age 60 years to 80 years)Up to 5 Lakhs - Nil for super senior citizens (Age >80 years)2.5 Lakhs to 5 Lakhs- 5% * 5 Lakhs to 10 Lakhs-20% Above 10 Lakhs- 30% *

Payment to contractors/sub-contractors[Sec194C]

Where amount is credited/paid to the payee's account in the month of March: 30th April. In any other case: Within 7 days from the last day of the month in which deduction is made.TYPES OF PAYMENTS COVEREDSecurity, Catering, Interior Decorator, AMC, Carriage of goods / passengers, etc

Issue certificate in Form No 16A within 15 days from the due date of furnishing quarterly TDS statement.


26Q 31/Jul/2019,31/Oct/2019,31/Jan/2020,31/May/2020

Payment to individual/HUF - 1%Payment to any other assessee - 2%Payment to transporters - Nil subject to certain conditions.[ Refer Note 1 ]

Rs 30,000 (for single transaction)(applicable to all the categories)Rs 100,000 aggregate of the transactions during the financial year

Commission or Brokerage[Sec 194H]

Where amount is credited/paid to the payee's account in the month of March: 30th April. In any other case: Within 7 days from the last day of the month in which deduction is made.TYPES OF PAYMENTS COVEREDReal Estate Agent etc



26Q 31/Jul/2019,31/Oct/2019,31/Jan/2020,31/May/2020

5%[ Refer Note 1 ]

Rs 15,000 (applicable to all the categories)

Rent [Sec 194I] in respect of Land, Building & Furniture

Where amount is credited/paid to the payee's account in the month of March: 30th April. In any other case: Within 7 days from the last day of the month in which deduction is made.TYPES OF PAYMENTS COVERED Rent for premises including furniture



26Q 31/Jul/2019,31/Oct/2019,31/Jan/2020,31/May/2020

Any payee - 10%[ Refer Note 1 ]

Rs 240,000(Separately applicable to all the categories)

Rent [Sec 194I] in respect of Machinery, Plant & Equipment

Where amount is credited/paid to the payee's account in the month of March: 30th April. In any other case: Within 7 days from the last day of the month in which deduction is made.TYPES OF PAYMENTS COVEREDCare hire charges, Plant hire, Computers hire etc.



26Q 31/Jul/2019,31/Oct/2019,31/Jan/2020,31/May/2020

2%[ Refer Note 1 ]

Rs 240,000(Separately applicable to all the categories)

Fees for professional or technical services and royalty [Sec194J]

Where amount is credited/paid to the payee's account in the month of March: 30th April. In any other case: Within 7 days from the last day of the month in which deduction is made.TYPES OF PAYMENTS COVEREDAccountants, Lawyers, Interior Decorator (professional fee element), Recruitment Agencies, Internet charges etc



26Q 31/Jul/2019,31/Oct/2019,31/Jan/2020,31/May/2020

10%[ Refer Note 1 ]

Rs.30,000

Returns of tax deduction

Payment to non-resident[Sec195]

Where amount is credited/paid to the payee's account in the month of March: 30th April. In any other case: Within 7 days from the last day of the month in which deduction is made. TYPES OF PAYMENTS COVEREDInterest on ECB Loan, Royalty, Capital Gains etc

Tax deduction certificate in form 16/16A is not applicable for TDS deducted on non-resident payments where PAN is not available. In such case Transaction Based Report (TBR) can be issued as and when requested by Non-resident


27Q 31/Jul/2019,31/Oct/2019,31/Jan/2020,31/May/2020

As per Income Tax or DTAA to be verified on case to case basis.[ Refer Note 2 ]

No Limit

NOTE 1 :

NOTE 2 :

All the tax deductees (resident or non-resident) are required to furnish their PAN to the respective deductor, failing which the deductor shall deduct tax at 20%.

The existing provision of Section 206AA provides that any person who is entitled to receive any sum or income or amount on which tax is deductible under Chapter XVIIB of the Act shall furnish his Permanent Account Number to the person responsible for deducting such tax, failing which tax shall be deducted at the rate mentioned in the relevant provisions of the Act or at the rate in force or at the rate of twenty per cent, whichever is higher. The provisions of section 206AA also apply to non-residents with an exception in respect of payment of interest on long-term bonds as referred to in section 194LC. If declaration as per rule 37BC and Tax Residency Certificate is provided, lower rate would be applicable.

compliance calendar (2019-20) - skp groupcompany companies act all form adt - 1 for appointment of...

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