TYASuite - Cloud ERP Solutions

Compliances are critical part of the Indian Businesses. In India Compliances are complex, vast and never ending. From monthly to quarterly to annual, there are countless number of compliances a business entity has to take care in India. As the Covid-19 has hit the entire business world, government has given relaxations in various due dates. For the benefit of business world, we have summarized key due dates and their revised due dates. VARIOUS COMPLIANCES DUE DATES & OTHER IMPLICATIONS AFTER COVID-19 PANDEMIC Name of compliances For the period/ FY/Months Revised Due Date/ Other implications Original Due Date/ Other implications Income Tax Return FY 2018-19 (AY 2019-20) 30 th  June 2020 31 st  March 2020 Income Tax Return – for Non-Auditable Assessee FY 2019-20 (AY 2020-21) 30 th  November 2020 31 st  July 2020 Income Tax Return – for Auditable Assessee FY 2019-20 (AY 2020-21) 30 th  November 2020 31 st  October 2020 Tax & Statutory A...

The COVID-19 crisis has left the global economy in shambles, and India has fared no better. With almost 3 months of a nationwide lockdown, business have been closed for a long time. The lockdown rules have recently been relaxed, and businesses are beginning to start operations gradually. As businesses and the Indian economy reopens, all companies must take a strong and detailed look at their finances and prepare for the unprecedented and unpredicted times ahead. Here are a few things every CFO needs to consider to ensure that his company has a plan to survive the recession - 1. Evaluate Where You Stand The first step is obvious - conduct a detailed and accurate study and account for your company's current financial status. This includes, but is not limited to - Your Cash-flow Take a good account of inbound and outbound cash flows to evaluate your company's overall liquid capital. Knowing how much cash you have to use, how much cash is coming in, and how much cash ...