Month: June 2018

Directors of Company to file KYC annually…

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As part of updating its registry, MCA would be conducting KYC of all Directors of all companies annually through a new eform viz. DIR-3 KYC to be notified and deployed shortly. The details are as follows:

Board_room

Who has to file DIR-3 KYC?

Every Director who has been allotted DIN on or before 31st March, 2018 and whose       DIN is in ‘Approved’ status, would be mandatorily required to file form DIR-3 KYC.

What is the last date for filing the same?

Form DIR-3 KYC needs to be filed on or before 31st August,2018. 

What are the mandatory information in DIR-3 KYC?

  • Unique personal mobile number
  • Unique personal email address
  • Verified by One Time Password (OTP)

Who has to file the form DIR-3 KYC?

The form should be filed by every Director using his own DSC.

Does the form needs any certifications?

Yes, The form should be duly certified by a practicing professional (CA/CS/CMA).

Whether the form needs to be filed by disqualified directors also?

Yes. Filing of form DIR-3 KYC by disqualified directors is also mandatory.

What are the consequences of non-filing of form DIR-3 KYC before due date?

  • After expiry of the due date by which the KYC form is to be filed,the MCA21 system will mark all approved DINs (allotted on or before 31st March 2018) against which DIR-3 KYC form has not been filed as ‘Deactivated’ with reason as ‘Non-filing of DIR-3 KYC’.
  • After the due datefiling of DIR-3 KYC in respect of such deactivated DINs shall be allowed upon payment of a specified fee only, without prejudice to any other action that may be taken.

 

Source: http://www.mca.gov.in

 

 

Directors of Company to file KYC annually…

Assessment of CA Students after First and Second year of Article Training

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The council has decided to assess students after completion of first and second year of practical training with online MCQ based tests. Students completing the 1st/2nd year in a quarter would be eligible to register for subsequent quarter. Based on the marks secured, students are given grades based on the marks obtained and the same will appear in the Final Mark Sheet. Students have chance to improve their grade by appearing for two more exam on payment of a nominal fees.

The first exam for those completed 1st/2nd year will be on August 26, 2018.

For more details, click on the link below for announcement by Board of Studies of ICAI issued on 12th June, 2018.

CA arti exam

Assessment of CA Students after First and Second year of Article Training

Know your due dates for statutory compliance – June 2018

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due date bann

KNOW YOUR DUE DATES
Jun-18
DATE COMPLIANCE REQUIRED FORM NO. / CHALLAN NO.
07/06/2018 INCOME TAX: Deposit of TDS/TCS collected during May, 2018 281
10/06/2018 GST: Last date for submission of details of outwards supply for the month May, 2018 for those having turnover more than Rs.1.50 crore and those opted for monthly returns GSTR-1
14/06/2018 INCOME TAX: Due date for issue of TDS Certificate for Tax Deducted Under Section 194-IA in the month of April, 2018 26QB
INCOME TAX: Due date for issue of TDS Certificate for Tax Deducted Under Section 194-IB in the month of April, 2018 26QC
15/06/2018 INCOME TAX: Due date for furnishing of Form  by an office of the Government where TDS for the month of April, 2018 has been paid without the production of a challan 24G
INCOME TAX: Quarterly TDS Certificate/Certificate for Tax Deduction at Source from Salary  for the Quarter/Year Ended 3IST March, 2018 16/16A
INCOME TAX: First Installment of Advance Tax for the AY 2019-20 280
EPF: Payment of EPF Contribution for May, 2018  
EPF: Consolidated Statements of  dues and remittances under EPF AND EDLI for May, 2018 12A
EPF: Monthly returns of employees who Joined/left the organisation in May, 2018 5/10
20/06/2018 GST: Details of Invoices and Payment pertaining to May, 2018 GSTR-3B
GST: Return by a person supplying Online Information and Database Acess of Retrieval Services from a place outside India to an Non-Taxable online recepient referred to in Section 14 of the IGST Act, 2017 and Rule 64 of the CGST Rules, 2017 for the month of May, 2018 GSTR-5A
GST: Return for the month of May, 2018 by Non-Resident Taxable Person GSTR-5
21/06/2018 ESI: Deposit of  ESI Contributions and Collection for May, 2018  
29/06/2018 INCOME TAX: Due date for e-filing of a statement by an eligible investment fund under section 9A in respect of its activities in financial year 2017-18. 3CEK
30/06/2018 INCOME TAX: Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IA in the month of May, 2018 26QB
INCOME TAX: Due date for furnishing of challan-cum-statement in respect of tax deducted under Section 194-IB in the month of May, 2018 26QC
INCOME TAX: Return in respect of securities transaction tax for the financial year 2017-18  
INCOME TAX: Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending March 31, 2018  
INCOME TAX: Statement to be furnished  by Alternative Investment Fund (AIF) to units holders in respect of income distributed during the previous year 2017-18 64C
INCOME TAX: Report by an approved institution/public sector company under Section 35AC(4)/(5) for the year ending March 31, 2018  
INCOME TAX: Due date for furnishing of statement of income distributed by business trust to its unit holders during the financial year 2017-18. This statement is required to be furnished to the unit holders. 64B
GST: Last Date For Submission Of Details Relating To Outward Supply Of Unutilised Credit Of Vat/Central Excise And Vat/Central Excise/Customs Duty On Stock As On 30-06-2017. GST-TRAN 2

 

Know your due dates for statutory compliance – June 2018