Professional Updates

PF payment due dates for the FY 2023-24 for the purpose of tax audit reporting Reporting under clause 20 (b) of Form 3CD requires due dates of payment to various Employees contribution fund. i.e  "Details of contributions received from employees for various funds as referred to in section  36(1)(va) " Here " due date " means the date by which the assessee is required as an employer to credit an employee's contribution to the employee's account in the relevant fund under any Act, rule, order or notification issued thereunder or under any standing order, award, contract of service or otherwise. The most commonly reported funds under Clause 20(b) are the Employees' Provident Fund (EPF) and Employees' State Insurance Corporation (ESIC). Delayed payment of contributions towards PF and ESI beyond the due dates may result in the disallowance of these payments. Below is a quick reference chart outlining the due dates for EPF and ESIC contributions for FY 202

Periodicity for filing Maharashtra PTRC returns for the F.Y. 2024-25 Every dealer registered under The Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 ("the Act") required to file monthly or annual (as applicable) returns declaring monthly number of employees on the basis of amount of salary. Periodicity for the filing of PTRC returns is determined based on Profession tax liability during the previous year.  1. How the periodicity of filing PTRC returns for the FY 2023-24 determined?  As per Rule 11 of  The Maharashtra State Tax on Professions, Trades, Callings and Employments Rules, 1975, periodicity of filing PTRC returns determined on the basis of amount of tax liability during the previous year.  a). If dealer having PTRC liability more than Rs. 1,00,000/- during the FY 2023-24, he will file PTRC returns on monthly basis for the FY 2024-25. And due dates will be last date of the month to which return relates.  E.g. Salary for the month of

Due date for filing of Maharashtra Profession Tax Return extended up to 30/04/2024 Hurry up!!! Last date for uploading PTRC returns by PTRC holder, without any late fee, is extended up to 30th April, 2024 vide notification no PFT -2024/CR-14/Taxation-3 dated 24/04/2024. Please note, you're holder of PTRC registration in Maharashtra and: Couldn't file your professional tax return between March 1st, 2024 and March 31st, 2024 due to technical issues, and The due date for that returns fell within the same period (March 1st to 31st, 2024) Then, you get a one-time extension to file. You can file the said returns electronically on the Departments website by April 30th, 2024,   without paying late fees applicable. While the filing deadline is extended, any tax owed for these returns, along with interest, should have already been paid by March 31st, 2024.

Last date for submission of assignments extended for June 2024 Dear CA Students ( who are pursuing BCOM/MCOM from IGNOU) kindly take note of following date extension:  Attention IGNOU students enrolled in ODL and online programs (GOAL & EVBB) for the June 2024 Term End Exams (TEE)! The University (IGNOU) has extended the last date for submitting assignments. This is good news for students who need more time to complete their assignments. Th e new deadline is April 30, 2024, giving you an extra window to finalize your work. Kindly take benefit of the extension and submit your assignments if not submitted earlier.  Imp: Last date to Apply Online for TEE June-2024 is 22-Apr-2024 06:00 PM without Late fee.