ROC Due Dates For Filing of Forms-Company FY 2023-24 Annual Return, DIR-KYC, ADT-1, MSME/Company/ LLP Filing Due Dates

FORMPERIODCOMPLIANCEDUE DATE
MSME-011st Oct 2023 to 31st Mar 2024For furnishing half yearly return with the registrar respect of outstanding payments to Micro or small Enterprises.30th Apr 2024
MSME-011st Apr 2024 to 30th Sept 2024For furnishing half yearly return with the registrar respect of outstanding payments to Micro or small Enterprises.31st Oct 2024
PAS-061st Oct 2023 to 3st Mar 2024Reconciliation of Share Capital Audit Report (Half-Yearly)30th May 2024
PAS-061st Apr 2024 to 30th Sept 2024Reconciliation of Share Capital Audit Report (Half-Yearly)29th Nov 2024
DPT-03FY 2023-2024Form DPT-3 shall be used for filing return of deposit or particulars of transaction not considered as deposit or both by every company other than Government company30th Jun 2024
DIR-03 KYCFY 2023-2024Form No. DIR-3-KYC is used for filing application for KYC of Directors30th Sept 2024
AGMFY 2023-2024AGM for FY 2023-24 can be done upto 30th Sept 202430th Sept 2024
ADT-01FY 2023-2024Form-ADT-01 is filed for informing ROC about Appointment of the Auditor.
Filed in 15days from the conclusion of AGM.
14th Oct 2024
AOC-04FY 2023-2024Form for filling financial statement and other documents with the Registrar.
Filed in 30days from the conclusion of AGM.
30th Oct 2024
AOC-04FY 2023-2024Form for filling financial statement and other documents with the Registrar.
Filed in 180days from the end of FY
27th Sept 2024
MGT-7A /MGT-07FY 2023-2024Form for Filling Abridged Annual Return for OPCs and Small Companies.
Filed in 60days from the conclusion of AGM.
29th Nov 2024
Form-11FY 2023-2024Annual Return of LLP30th May 2024
DIR-03 KYCFY 2023-2024Form No. DIR-3 KYC is used for filing application for KYC of Directors.30th Sept 2024
Form-08FY 2023-2024Statement of Account & Solvency and Charge filing30th Oct 2024

MANDATORY INFORMATION REQUIRED BY A CLIENT TO FILE A FORM 15CA & 15CB

DETAILS OF REMITTER

  • Name of the Remitter
  • Address of the Remitter
  • PAN of the Remitter
  • Principal place of business of the Remitter
  • E-Mail address and phone no. of Remitter
  • Status of the Remitter (Firm/Company/Other)

DETAILS OF REMITTEE etails of Remittee

  • Name and Status of the remittee
  • Address of the Remittee
  • Country of the Remittee (Country to which remittance is made)
  • Principal place of the business of Remittee

DETAILS OF REMITTANCE

  • Country to which remittance is made
  • Currency in which remittance is made
  • Amount of remittance in Indian Currency
  • Proposed date of remittance
  • Nature of remittance as per agreement

BANK DETAILS OF REMITTEE

  • Name of the Bank of the Remitter
  • Name of branch of the bank
  • BSR Code of the bank

DOCUMENTS FROM THE REMITTEE

  • Form 10F duly filled by the authorized person of the remittee
  • Tax residency certificate from the remittee
  • Certificate that the remittee does not have any permanent establishment in India

COMPLIANCE CALENDAR FOR MARCH,2024

The terms of compliance, both businesses and individuals have various requirements they need to fulfill, especially at the end of the financial year. Here’s a general overview of who should file what:

  1. GST Compliance:
    • Businesses registered under GST: They need to file their GST returns for the month of March 2024 within the prescribed due dates.
    • Individuals or entities liable to pay GST: If you are registered under GST or if your turnover exceeds the threshold limit, you must file your GST returns accordingly.
  2. Income Tax Compliance:
    • Businesses: They need to file their Income Tax Returns (ITRs) for the financial year 2023-24, including TDS certificates, PF, and other relevant documents within the due dates specified by the tax authorities.
    • Individuals: Employees, freelancers, professionals, and other individuals earning taxable income need to file their Income Tax Returns for the financial year 2023-24 within the prescribed due dates.
  3. TDS Compliance:
    • Businesses: Employers need to issue TDS certificates to their employees and other deductees for tax deducted at source during the financial year 2023-24 within the specified due dates.
    • Individuals: Individuals who have faced TDS deductions need to ensure they receive their TDS certificates from the deductors and use them while filing their Income Tax Returns.
  4. PF Compliance:
    • Employers: Employers need to ensure timely deposit of PF contributions and filing of necessary returns with the EPFO (Employees’ Provident Fund Organization) within the prescribed due dates.

It’s essential for both businesses and individuals to stay updated with the specific compliance requirements applicable to them and ensure timely filing and payment to avoid penalties and legal consequences. It’s also advisable to consult with a tax advisor or compliance expert for personalized guidance based on your specific situation and obligations.

FOUR PARTS OF FORM 15CA

The furnishing of information for payment to Non-Residents in Form 15CA has been classified into Four Parts. Depending upon the case, you will need to fill the relevant part.

  • PART A: Where the remittance or the aggregate of such remittance does not exceed ₹5 lakh during the F.Y.
  • PART B: Where remittance or the aggregate of such remittances exceed ₹5 lakh during the FY and an order/ Certificate u/s 195(2)/ 195(3)/197 of the Act (for lower TDS/Nil TDS) has been obtained from the Assessing Officer.
  • PART C: Where the remittance or the aggregate of such remittance exceed ₹5 lakh during the FY and a certificate in Form No 15CB from an Chartered Accountant has been obtained.
  • PART D: Where the remittance is not chargeable to tax under the income Tax Act, 1961.

FORM-15CA & FORM-15CB

FORM-15CA

  • As per Section 195, Every person making a payment to Non-Residents (not being a Company), or to a Foreign Company shall deduct TDS if such sum is chargeable to Income Tax and details are required to be furnished in FORM 15CA.
  • A Person responsible for making such remittance (Payment) has to submit the form 15CA, before remitting the payment.
  • In certain cases, a Certificate from Chartered Accountant in form 15CB is required before uploading the form 15CA online.
  • Form 15CA is filed by Remitter.

FORM-15CB

  • Form 15CB is a certificate to be furnished by an Chartered Accountant in cases where any payment / aggregate of payments exceeding ₹5 Lakh in a FY, chargeable to income tax is made to a Non-Resident, not being a company or to a Foreign Company, and a certificate from the AO u/s 195/197 is not obtained for Low TDS/Nil TDS.
  • In Form 15CB, a CA certifies the details of the payment, TDS rate, TDS deduction and other details of nature and purpose of remittance.
  • Form 15CB is filed by Chartered Accountant.

A non resident can opt for 115BAC?

Non-Resident Indians (NRIs) have the option to choose between the old tax regime and the new tax regime under Section 115BAC of the Income-tax Act. Under the old tax regime, NRIs can avail of certain exemptions, deductions, and allowances to reduce their taxable income.

One such exemption is under Section 80C of the Income-tax Act, where NRIs can claim deductions of up to Rs. 1.5 lakh for investments made in specified instruments. These instruments include children’s tuition fees, premium payments for Life Insurance Corporation (LIC) policies, Unit Linked Insurance Plans (ULIPs), Equity Linked Savings Schemes (ELSS), and principal repayments of a home loan.

BUDGET 2023 CHANGES UNDER NEW TAX REGIME

If the new tax regime is set to be the default. However, taxpayers can opt for the old regime. A tax rebate introduced under the new tax regime for income up to Rs.7 lakhs, if your taxable income is below Rs.7 lakhs, you won’t have to pay any tax due to the introduced rebate. The tax exemption limit of Rs. 2,50,000 has increased to Rs. 3,00,000 under the new tax regime and tax slabs, the new tax regime as follows:

Up to Rs.3,00,000 – Nil

Rs.3,00,000 – Rs.6,00,000 – 5%

Rs.600,000 – Rs.9,00,000 – 15%

Rs.9,00,000 – Rs.12,00,000 – 20%

Above Rs.15,00,000 – 30%

Standard deduction of Rs.50,000 has been extended to the new tax regime.