📢 Income Tax Due Date Alert – 15th April 2025

 

📢 Income Tax Due Date Alert – 15th April 2025

⏰ Attention Authorized Dealers: Submit Form No. 15CC for Jan–Mar 2025

If you're an authorized dealer of foreign exchange, this is a crucial compliance update you cannot afford to miss.

📝 What is Form No. 15CC?

Form 15CC is a quarterly statement required to be furnished by authorized dealers to the Income Tax Department. It contains details of foreign remittances made outside India under Rule 37BB of the Income Tax Rules.

This filing helps the government monitor foreign transactions and ensures proper tax compliance on remittances.

🔍 Applicability:

✅ Applicable to Authorized Dealers (Banks and Financial Institutions)
✅ Report remittances made to non-residents during the quarter
✅ Mandatory even if no TDS was deducted on such remittances
✅ Covers remittances made under Liberalized Remittance Scheme (LRS) and other categories

📆 Due Date: 15th April 2025

✔ For the quarter ending March 2025 (Jan–Mar)

❗ Why Timely Filing is Important:

⚠ Avoid penalties under Section 271-I
⚠ Ensure transparency in cross-border transactions
⚠ Maintain regulatory compliance with FEMA & Income Tax Act
⚠ Avoid scrutiny and notices from tax authorities

📞 Need Assistance in Filing Form 15CC?

Let our team at TAXLA SERVICES handle your regulatory filings with accuracy and efficiency.

📱 Contact us: +91 9600076134 / 6374812546
📧 Email: auditsiva2@gmail.com
🌐 Website: www.taxlaservices.com
📍 Address: 19, SBI Colony 3rd Street, Saligramam, Chennai – 600093

🔖 #Form15CC #IncomeTaxFiling #TaxDueDate #TaxCompliance #TaxlaServices #ChennaiTaxExperts #AuthorizedDealers #ForeignRemittance #FEMACompliance #LRSReporting #TDSonRemittance



Comments

Post a Comment

Popular posts from this blog

UPI Transactions Are Now Under GST Radar—Stay Compliant with Taxla Services

Image
Digital payments have revolutionized the way businesses operate, with platforms like GPay, PhonePe, Paytm , and others offering convenience and efficiency. However, with this convenience comes the responsibility of tax compliance. Recently, a merchant in Tamil Nadu faced a tax notice after their UPI transactions crossed the GST threshold of ₹20 lakhs in a financial year. Why Are UPI Transactions Being Monitored? The GST Department is closely monitoring digital payment platforms to ensure businesses comply with tax regulations. Transactions conducted via UPI are no longer immune to scrutiny. If your business turnover exceeds ₹20 lakhs (or ₹10 lakhs for specific categories), GST registration is mandatory —regardless of the payment method used. What Does This Mean for You? Unregistered Businesses: If you’re operating without GST registration but your annual turnover exceeds the threshold, you could face penalties and notices. Digital Payment Records: All UPI transactions are recorded an...
Read more

Understanding AOC-4 XBRL Filing Requirements and Deadlines

Image
In compliance with the Companies Act, 2013, every company registered in India is required to file its financial statements with the Ministry of Corporate Affairs (MCA). One of the key forms for this purpose is AOC-4 XBRL . Filing this form is crucial to ensure corporate transparency and adherence to regulatory standards. In this blog, we'll cover everything you need to know about the AOC-4 XBRL filing requirements, its purpose, the deadline, and why it matters for your business. What is AOC-4 XBRL? AOC-4 XBRL is a form mandated by the MCA for filing financial statements of companies in a format that uses the eXtensible Business Reporting Language (XBRL). XBRL is a global standard for exchanging business information, allowing for efficient and accurate data collection, analysis, and comparison across companies. According to Section 137 of the Companies Act, 2013 , and Rule 12(2) of the Companies (Accounts) Rules, 2014 , certain categories of companies are required to submit their f...
Read more

GSTR-1 Filing Due Date for September 2024: Don’t Miss the Deadline!

Image
 As a business owner registered under GST, it’s crucial to stay on top of your tax filing dates. The due date for GSTR-1 filing for the month of September 2024 is 11th October 2024 . What is GSTR-1? GSTR-1 is a monthly or quarterly return that businesses must file, summarizing all the outward supplies (sales) made during the reporting period. The return contains details like: Invoice-level information of all sales Details of outward supplies made to both registered and unregistered customers Details of debit and credit notes issued during the period Who is required to file GSTR-1? The GSTR-1 return must be filed by every registered taxable person, except for: Input Service Distributors (ISDs) Composition scheme taxpayers Persons liable to deduct tax at source (TDS) Persons liable to collect tax at source (TCS) Key Details for September 2024 Filing: Due Date: 11th October 2024 Applicable for: Businesses with an annual turnover exceeding ₹5 crores or those who have opted out of th...
Read more