Calendar Date / Due Date Compliance Activity Brief Description of Compliance Act/Rules Frequency Regulatory Authority 1st Feb Annual Return V Rule 18 ( related Mines Rules) VII, VIII Rule 16 related Air Transport The Payment of Wages Act 1936 & Related Mines Rules Annually Concerned Labour Commissioner Annual Return Every Employer shall file annual return...Continue Reading

Labour Reform- An Era of Substantial Change Ministry of Labour and Employment, Government of India has conveyed its firm intent that forty four central legislations pertaining to labour, industrial and environment related will be merged and subsumed into four codes. The first code (i.e. Code on wages, 2019) has already become a law on August...Continue Reading

Calendar Date / Due Date Compliance Activity Brief Description of Compliance Act/Rules Frequency Regulatory Authority 7th Jan TDS Payment Salary / Other than Salary Income Tax Act,1961 Monthly Income Tax Dept. External Commercial Borrowing Reporting of actual ECB transactions through an AD Category – I Bank FEMA,1999 Monthly Department of RBI 10th Jan GST Return...Continue Reading

Long bygone are the days when men used to be the sole bread-winners of a family. Globalization has brought a radical change in the status of women worldwide. However, with the larger influx of women in the mainstream workforce of India, sexual harassment at workplace has assumed greater dimensions. Workplace sexual harassment is a form...Continue Reading

There has been a move to ‘regulate’ e-commerce market place. E-comm players are blamed for deep discounting and predatory pricing’. There is a ‘loud suggestion’ (read political pressure) for discontinuation of ‘cash on delivery’, an e-commerce ombudsman, and localization of data. Some of the e-commerce giants have been summoned and asked to share data on...Continue Reading

The Micro, Small & Medium Enterprises (MSMEs) are defined in India under the MSMED Act 2006 on the basis of capital investment made in plant and machinery, excluding investments in land and building. BASIS MICRO SMALL MEDIUM Manufacturing Sector Rs.2.5 Million Rs.2.5 Million to Rs.50 Million Rs.50 Million to Rs.100 Million Service Sector Rs.1.0 Million...Continue Reading

The Code on Wages, 2019 has been passed by the Lok Sabha and Rajya Sabha, approved by Parliament and is now an Act of Parliament assented by the President. The Central Government, however, is yet to appoint a date by when the act shall be effective. It shall be announced by notification in the Official...Continue Reading

Finance Act 2012, introduced a new sub section (2) (vii b) in Section 56, ‘Income from other Sources’. It declared that following incomes shall be chargeable to income-tax under the head ‘Income from other sources’, namely: A company in which the public are not substantially interested, Receives from a resident, Consideration in excess of fair...Continue Reading

You would have noticed an inordinate delay in our ‘Turnaround time’ and our asking for additional information at the last minute. This will definitely irk our professional clients, who are organized and are very prompt in submission of details. So, what ails our inefficiency this time?  Let me voice some, before you condemn us outright!...Continue Reading