Compliance calender FY 2022-23
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Compliance calender FY 2022-23

Hello, in this blog we will discuss what is a compliance calendar, its significance as well as compliance requirements under income tax act, statutory laws and the compliance calendar of FY 2022-23. 

Index:

  1. What is a compliance calendar?
  2. Significance of compliance calendar
  3. Compliance requirement under Income Tax act, 1961 
  4. Compliance under statutory Laws 
  5. Compliance calendar FY 2022-23

 

What is a compliance calendar?

Compliance calendar is a record of the whole year that carries important dates with deadlines and actions to each and every organisation based on business activities and legal structure. For example – for an annual review of the council policies, council meeting, Annual general meeting, performance indicator, internal audit performance, team performance, compliance audit return, date of filing, and others.  

Significance of compliance calendar

It can be overwhelming when you need to sort out all the upcoming compliance details and deadlines. Therefore, a compliance calendar is a great beneficial tool that helps you to manage and organise the compliance plans of your organisation. It tracks and prioritises important dates and deadlines related to critical regulations, reporting obligations, filings, permits and accreditations. It helps to identify key compliance dates and clarify the organisation of compliance measures.

Compliance requirement under Income Tax act, 1961 for May 2022

Due dates 

Particulars 

7th May 2022

Depositing of TCS/TDS under Income Tax Act,1961 for previous month 

15th May 2022

Issues of TDS certificate under section – 194 IA, 194 IB, 194M in the month of March
15th May 2022

Furnishing statement in the Form no-3BB by a stock exchange regarding transactions in which client code has been changed after registering in the system for the month of April.

15th May 2022

Furnishing of Form no – 24G by the government of india where TCS/TDS for the month of april has been paid without the creation of challan.
15th May 2022

Quarterly statement of TCS deposited for the quarter ended March 31st.

30th May 2022

Furnishing of challan-cum statement in respect of TDS under section 194 IA, 194 IB, 194 M in the month of December 2021.

30th May 2022

Issues of TCS certificate for the month of 4th quarter FY-2021-22.
31th May 2022

Quarter statement of deposited for TDS certificate for the end March 31. 

31st May 2022

Furnishing of statement of specified financial transaction as per section 285BA (1).
31st May 2022

E-filing of annual statements of accounts by the reposting financial institutions.

31st May 2022

Filing application for PAN allotment of non-individual resident person, which enters into a financial transaction of Rs.2,50,000 or more than during the FY-2021-22 and has not been allotted PAN.

Application for allotment of PAN in case of persons who are managing author, director, partners, founder, trustee, chief executive, principal, or officers bearer of the persons are referred under the rule 114 (3) (v), and who has not allotted any PAN.

 

Compliance under statutory Laws for the month of May, 2022

Dues dates

Mode of form filing 

Acts 

Particulars 

15th May 2022

ECR

EPF & Miscellaneous provision Act, 1952PF Payment
15th May 2022ESI ChallanESIC Act,1948ESIC Payment
Within 15 days of commitment / completion of contractForm VI-AContract labour (regulation & Abolition Act, 1970) Notice of commencement / completion of contract by the contractor within 15 days.
Within 15 days of commitment / completion of contractForm VI-BContract labour (regulation & Abolition Act, 1970) Notice/return of commencement / completion of contract by the principal of the employer within 15 days.
Within 30 days of applicability of the act and may any changes Form A & BPayment of Gratuity ActNotice of applicability of the act and any changes.

Compliance calendar under Income Tax Act and statutory laws is for the current month and subsequent months will be updated.

Compliance calendar of FY 2022-23

Due dates

periods

particulars

Applicable for 

30th April 2022

When loan borrowed and 1st quarter 30th june 

FY- 2021-22

1st April

Opening of bank a/c or transfer of saved CSR amount to that account, Given loan and director’s disclosure and non-disqualification

If CSR is applicable to the company and the company couldn’t spend CSR amount.  All companies receiving a loan from a director or relatives of directors.

 

30th April 2022

Oct 2021 to March 22

MSME returns a half yearly return with the registrar in respect of outstanding payment to msme.

Applicable for all companies  

30th April 2022

FY- 2021-2022

Return of dormant 

Dormant company

Within 30 days of renewal due dates

Every FY

Lien registration or renewals   

If borrowing facilities of the company excess Rs.100 crore then it will applicable

30th April 2022

Oct to March 

Reconciliation of share capital audit report (Half- yearly)

All unlisted public company

30th May 2022

FY- 2021-2022

Annual return of limited liability of partnership 

All limited liability partnership

Before 30th May 2022

FY- 2021-2022

Annual return of foreign company

Foreign companies/ liaison office

30th June 2022

FY- 2021-2022

Return of deposit -3

Applicable for all companies

Before 30th june 2022

FY- 2022-2023

Board meeting for quarter 1 

Applicable for all companies

15th July 2022

FY- 2021-2022

RBI Annual Return 

All companies having foreign investment received and foreign investment 

Before 30th september 2022

FY- 2021-2022

Transfer of unspent CSR amount to the CSR fund constituted by Government under schedule VII

Companies who couldn’t spend CSR amount which is mentioned in point no 1 above 

30th september 2022

FY- 2021-2022

Secretariat audit 

All public listed companies having a paid – up share capital above 50 crore or having a turnover of Rs.250 crore. All companies having outstanding loans or borrowing from banks or public institutions of Rs.100 crore or more.    

30th september 2022

FY- 2021-2022

DIN KYC

All directors or individual who all holds din on 31st march,2022

30th september 2022

FY- 2021-2022

Appointment of CS audit – MGT8

Company having a paid-up share capital of rs.10 crore or turnover rs.50 crore or more shall be certified by a CS.

Before 30th september 2022

Generation of UDIN by statutory of auditor 

All companies before signing balance sheet of the statutory auditor

Before 30th september 2022

FY- 2022-2023

Quarter 2 board meeting 

All companies 

Before 30th september 2022

FY- 2022-2023

Unspent CSR expenditure transferred to fund specified scheduled VII

CSR expenditure unspent as on 31st Mar 2021 and such as amount is not marked for outgoing project

Before 30th september 2022

FY- 2021-2022

Annual general meeting 

All companies 

Within 30 days of board meeting 

FY- 2021-2022

Filing of the board resolution and adoption of accounts and directors reports 

Unlisted, listed and subsidiary of public companies

Within 15 days annual general meeting (before 14th OCT 2022)

FY- 2021-2022

Appointment of auditor 

Re-appointment or replace as per the management decision

Within 30 days of AGM (before 29th Oct 2022)

FY- 2021-2022

Filing balance sheet with ROC

For all companies 

30th Oct 2022

Apr 2022 to Sep 22

MSME returns a half yearly return with the registrar in respect of outstanding payment to msme.

For all companies 

29th Oct 2022

FY- 2021-2022

Statement of accounts and solvency 

All limited liability partnership

Within 60 days of AGM (before 29th Nov 2022)

FY- 2021-2022

Annual return of Form MGT-7 & MGT-8

Applicable for all companies 

29th November 2022

April to September 

Reconciliation of share capital audit report (Half- yearly)

All unlisted public company

31st Dec 2022

FY- 2022-2023

Board meeting of quarter 3rd

Applicable for all companies 

31st Dec 2022

FY- 2021-2022

RBI annual report of performance 

All companies having investment in foreign 

Before 31st march 2023

FY- 2022-2023

Board meeting of quarter 4th

Applicable for all companies 

This is the end of our discussion on the compliance calendar FY 2022-23. Let’s know your other queries and opinions on this topic. Mention below the comment box.

Disclaimer – This calendar has been updated only for the information purposes. 

Related post:

ESIC Challan Format

Exit formalities of an employee

 

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