REITS

Finance Minister Arun Jaitley, while presenting the budget for 2014-2015, said that Real Estate Investment Trusts (REITs) would soon be allowed. To support the idea  Securities and Exchange Board of India (Sebi) in the month of August  firmed up regulations that will govern real estate investment trusts, or REITs, and so-called infrastructure investment trusts (InvITs) that the market regulator decided to allow. A move that will enable easier access to funds for cash-strapped developers and create a new investment avenue for institutions and high net worth individuals, and ultimately ordinary investors

But how REITs will be a game-changer for Indian real estate and before that we also need to know what actually is REITS all about.

It is a security that sells like a STOCK on the major exchanges and invests in real estate directly, either through properties or mortgages. REITs receive special tax considerations and typically offer investors high yields, as well as a highly liquid method of INVESTING in real estate. The concept Real estate INVESTMENT trusts (REITs) was originated in the USA in 1960s. REITs were created by US Congress to give all individuals the opportunity to benefit from INVESTING in income-producing real estate. Just as mutual funds do with equity and debt, REITs will pool money from investors and INVEST them in income-generating (rental assets) offering them a way to diversify their portfolios by investing in property.

There are internationally three types of REITS:

a)     Equity REITs: Equity REITs invest in and own properties ( thus responsible for the equity or value of their real estate assets). Their revenues come principally from their properties rents.

b)     Mortgage REITs: Mortgage REITs deal in investment and ownership of property mortgage. Their revenues are generated primarily by the interest that they earn on the mortgage loans.

c)     Hybrid REITs: Hybrid REITs combine the investment strategies of equity REITs and mortgage REITs by investing in both properties and mortgages.

Few insights for REITS in India: The minimum public holding in REITs should be 25 per cent while the total number of outstanding units at all times as well as the number of unit holders — who are part of the public — should be 200.

Key benefits

1) Portfolio diversification: For small investors and institutions, REITs provide an opportunity to invest in largescale commercial real estate

2) A compulsory dividend payout (typically >80% globally and >90% in India) makes the underlying asset similar to a bond, with a growth component built-in through price appreciation.

3)  Tax concessions ensure that dividend payouts are healthy and less impacted by changes in central tax laws.

4)  Improved transparency and less volatile markets: REITs improve transparency in the real estate markets as information is periodically disclosed on average rents, occupancy levels, tenant profile, renewal profile, etc.

Further I would like to add more points to support this REITs term:

Nearly 30% of the country’s population is living in cities and urban areas and this figure is projected to reach 50% in 2030 based on which the present urban housing shortage is 1.87 crore units.

Overall housing shortage is of almost 6.3 crore units and the demand for houses are expected to increase by another 2.63 crore units in the next 3 years due to population growth at the current rate of growth.

With the above factors and nature of this new instrument we can conclude the things will become more prospective to bring/infuse more liquidity in the market.

For further Consultation or Help please feel free to write to us on contact@munim.in Or visit our website

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Tax Saving Instruments (2)

In the last post we have discussed the Housing loan under the head of Tax saving instruments:

We would like to discuss more instruments of Tax savings under 80C.

1)      PPF:

It is an all-time favourite INVESTMENT option and 2014-15 Budget has made it more attractive by enhancing the annual INVESTMENT limit to Rs 1.5 lakh. For PPF you can open an account in a post office branch or a bank. The maximum INVESTMENT of Rs1.5 lakh in a year can be done as a lump sum or as installments on any working day of the year. Just make sure you invest the minimum Rs 500 in your PPF account in a year, otherwise you will be slapped with a nominal, but irksome, penalty of Rs 50. Though the PPF account matures in 15 years, you can extend it in blocks of five years each.

2)      Equity-linked saving schemes (ELSS):

a)     Shortest Lock in period

b)    Minimum investment as low as Rs.500/-

c)     Unlike ULIP, PPF, insurance plan, no compulsion for continuity in investments over the years.

d)    It is also equity funds provide good returns over a long maturity period.

3)      SCSS: This assured return scheme is the best tax-saving avenue for senior citizens. However, the Rs 15 lakh investment limit somewhat curtails its utility. The interest rate is 100 basis points above the 5-year government bond yield. The interest is paid on 31 March, 30 June, 30 September and 31 December, irrespective of when you start INVESTING.

4)      Bank FDs and NSCs: Remember always that interest on FDs is taxable.

5)      Life Insurance Plans: Costliest Tax saving instruments, we always would like to suggest that Life Insurances should always be covered as per their genuine purpose instead of investing point of view.

6)      ULIPS: Keep in mind that a Ulip yields good results only if held for at least 10-12 years. A small charge levied for risk coverage.

For further Consultation or Help please feel freee to write to us on contact@munim.in Or visit our website

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SSI/MSME registration

Since our foray into SSI/MSME registration, we have been flooded with calls and orders. Here is this blog enlightening some registration and importance of MSME registration.

Government, in order to mark impactful governance, is providing online platform to register MSME though all the documents are required to be submitted.

This registration opens up gates for various government scheme for MSMEs under the Ministry of MSME development. Entities registered under MSME are given special treatment in all government tenders. MSMEs are also allowed to negotiate even after submission of bids.All the PSUs and government departments have been instructed to get certain quota of work done only by MSMEs.
Thus MSME registration comes with great advantage with almost zero annual filings.

Process to register under MSME.

1. Registration can be awarded to manufacturer and service providers falling under MSME criteria which is as follows:

For Manufacturers
          Investment                          Category
  A) less than Rs 25 Lacs.           Micro
  B) Rs 25 lacs to Rs 5 crore.      Small
  C) Rs 5 crore to Rs 10 crore.    Medium

For Service Providers
           Investment.                        Category
  A) less than Rs 10 lacs.             Micro
  B) Rs 10 lacs to Rs 2 crore.       Small
  C) Rs 2 crore to Rs 5 crore.       Medium

2. Applicant needs to keep the copies of certificates depicting value of land and land agreement, Board Resolution for the authorized signatories, Turnover details, list of products, Certificate of Incorporation.

3. The applicant needs to fill the registration form for state MSME.

4. The form is to be completed in all aspects.

5. The completely filled form is required to be signed by the authorized signatory (Director or 

Proprietor  preferred).

6. The documents are required to be submitted along with.

7. After the processing of the form and document the DC state will provide the SSI/MSME registration no.

Hurray your registration is complete, now you can quite your number in all government tenders, MDA activities etc to avail the benfits.

For more details or help in registration process, don't hesitate to visit or contact us.

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Registration with Export Promotion Council

As in previous blog we have discussed the importance,  role and benefits of registration with export promotion councils (EPC), in this blog we will discuss the registration process of EPC.

1. Each EPC represents a different fraternity of business with different markets. Thus, you need to first know which EPC to register for so as to reduce the wastage of efforts and time. After, identification of the related EPC the applicant need to fill up the form for the EPC. It is to be kept in mind that no area to be left blank, if the information asked is not related please write Not Applicable or NA.

2. The applicant can register with EPC as a merchant exporter or manufacturer exporter. Depending upon the operations one should register accordingly. If registering as a Manufacturer Exporter the EPC will ask for factory licence/ registration with concerned DC or MSME or any state authority certifying the manufacturing. For registration as Merchant Exporter no document is required.

3. The applicant need to provide the details of the export business for last 2/3 years. If not traded then write NA.

4. A DD or multi city cheque of the specified amount is required to be submitted to the main office or regional office (please confirm the acceptance of cheque from the EPC before applying)

5. The registration in any EPC is valid from 1st April  to 31st March of following year. That means even if registering in Feb the membership has to be renewed in next month with full renewal fees.

6. Depending upon the EPC, the time taken for registration after receiving correct application is somewhere around 15 to 30 days. Thus refrain from starting the registration process in the month of Feb as it would be an economical loss.

7. Fees once submitted whether with correct or incorrect application form is valid only till 31st March. This means if the process is initiated in January and fees submitted to the EPC and because of some reasons/ mistakes the registration could not be completed before 31st March (fault at applicant side), then the fees is required to be submitted again.

8. EPC would require a board resolution on the letter head of the company, approving application to the EPC and authorizing a representative to be the authorized signatory.

9. Two sets of self certified PAN, Certificate of Incorporation and MOA & AOA is required to be submitted.

10. The duly completed form signed by the director/prop and authorized signatory (wherever required) needs to be submitted either in person or  by post/courier.

11. Please be sure to that the application should be correct in all senses.

12. And lastly a cover letter letter listing all the documents enclosed and request to register with EPC.

Incase of any query or help or consultancy, please refer to our website or contact us directly

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Tax Saving Instruments (1)

We are heading now for the year end and everyone of us is looking for better prospects in this approaching year with our very well known lines “ acche din aane vale hai”.

And I hope each one of you is looking now for investments as the next agenda will be tax savings declarations. May be you are going for advises from your CAs or taking help from newspaper or other articles. But trust me, it would always be better to invest for long term.

Markets are booming with long jumps, in fact, BSE is establishing new highs almost on daily basis, which is an indication of more prosperous nature of markets in next 3-4 years to come. Gold has taken a leap of almost Rs.1000/- in the last week.

So, preparation should be to invest for next 3-4 years for heavy gains rather than saving taxes only. That would automatically be taken care once the direction for investment will be chosen carefully.

Still it depends upon individual, if only the tax saving is the motive; we are defining few of such schemes with our priority list   :

1)      Home Loans : the Repayment of Home Loan into 2 components:-

a)      Repayment of the Principal Amount

b)      Repayment of the Interest on Home Loan

The amount paid as Repayment of Principal Amount of Home Loan by an Individual/HUF is allowed as tax deduction under Section 80C of the Income Tax Act. The maximum tax deduction allowed under Section 80C is Rs. 1, 50,000. (Increased from 1 Lakh to Rs. 1.5 Lakh in Budget 2014)

This tax deduction is the total of the deduction allowed under Section 80C and includes amount INVESTED in PPF Account, Tax Saving Fixed Deposits, Equity Oriented Mutual funds, National Savings Certificate, Senior Citizens Saving Scheme etc.

This tax deduction under Section 80C is available on payment basis irrespective of the year for which the payment has been made. The Amount paid as Stamp Duty & Registration Fee is also allowed as tax deduction under Section 80C even if the Assessee has not taken Loan.

There is a catch in this also, tax benefit of home loan under this section for repayment of principal part of the home loan is allowed only after the construction is complete and the completion certificate has been awarded.

Tax Benefit on Home Loan for payment of Interest on Home Loan can be claimed as Deduction under Section 24 as well as under the newly inserted section 80EE.

The maximum tax deduction allowed under Section 24 of a self-occupied property is subject to a maximum limit of Rs. 2 Lakhs.

It is also important to note that this tax deduction of Interest on Home Loan under Section 24 is deductible on payable basis, i.e. on accrual basis. Hence, deduction under Section 24 should be claimed on yearly basis even if no payment has been made during the year as compared to Section 80C which allows for deduction only on payment basis. Moreover, if the property is not acquired/constructed completed within 3 years from the end of FINANCIAL year in which the loan was taken, the interest benefit in this case would be reduced from 2 Lakhs to Rs 30 thousand only.

We would be continuing this in our next blog, For further Consultation or Help regarding IEC registration/modification please write to us on contact@munim.in

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LIMITED LIABILITY PARTNERSHIP (LLP)

A new trend that has been observed of-late is that more and more entreprenuers have start adopting for Limited Liability Partnerships. But What is a Limited Liability Partnership?

Before answering this question we’ll explain you reasons behind the emergence of LLP’s. Till a few years back there used to be only 2 forms of Organisations

1.       Limited Liability Organisations i.e. Companies

2.       Unlimited Liability Partnerships i.e. Partnership/ Proprietorship

the concept of Limited Liability Partnership was evolved which incorporates the benefits of both Companies as well as Partnerships.

Limited Liability Partnership entities, the world wide recognized form of business organization has been introduced in India by way of Limited Liability Partnership Act, 2008. A Limited Liability Partnership, popularly known as LLP combines the advantages of both the Company and Partnership into a single form of organization.

ADVANTAGES

• Renowned and accepted form of business worldwide in comparison to Company.
• Low cost of Formation.
• Easy to establish.
• Easy to manage & run.
• No requirement of any minimum capital contribution.
• No restrictions as to maximum number of partners.
• LLP & its partners are distinct from each other.
• Partners are not liable for Act of partners.
• Less Compliance level.
• No exposure to personal assets of the partners except in case of fraud.
• Less requirement as to maintenance of statutory records.
• Less Government Intervention.
• Easy to dissolve or wind-up.
• Professionals can form Multi-disciplinary Professional LLP, which was not allowed earlier.
• Audit requirement only in case of contributions exceeding Rs. 25 lakh or turnover exceeding Rs. 40 lakh.

DISADVANTAGES

• Any act of the partner without the other partner, may bind the LLP.
• Under some cases, liability may extend to personal assets of partners.
• Cannot raise MONEY from Public

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Export Promotion Council

EPC (Export promotion council)

From country perspective:

The Export Promotion Councils are non-profitable organizations, registered under the Indian Companies Act or the Societies Registration Act. They are supported by FINANCIAL assistance from the Government of India. Each Council is responsible for the promotion of a particular group of products, projects and services. The main role of the EPCs is to project India's image abroad as a reliable supplier of high quality goods and services.

No. of Export Promotion Councils in India are:

1.  ENGINEERING EXPORT PROMOTION COUNCIL 
2. PROJECT EXPORTS PROMOTION COUNCIL OF INDIA
3. BASIC CHEMICALS, PHARMACEUTICALS AND COSMETICS EXPORT PROMOTION COUNCIL 
4. CHEMICALS AND ALLIED PRODUCTS EXPORT PROMOTION COUNCIL
5. PLASTICS EXPORT PROMOTION COUNCIL
6. COUNCIL FOR LEATHER EXPORTS
7. SPORTS GOODS EXPORT PROMOTION COUNCIL
8. GEM AND JEWELLERY EXPORT PROMOTION COUNCIL
9. SHELLAC &  FOREST PRODUCTS EXPORT PROMOTION COUNCIL
10. CASHEW EXPORT PROMOTION COUNCIl
11. EXPORT PROMOTION COUNCIL FOR EOUS & SEZ UNITS
12. PHARMACEUTICAL EXPORT PROMOTION COUNCIL
13. APPAREL EXPORT PROMOTION COUNCIL
14. CARPET EXPORT PROMOTION COUNCIL
15. COTTON TEXTILE EXPORT PROMOTION COUNCIL
16. EXPORT PROMOTION COUNCIL FOR HANDICRAFTS
17. HANDLOOM EXPORT PROMOTION COUNCIL
18. INDIAN SILK EXPORT PROMOTION COUNCIL
19. POWERLOOM DEVELOPMENT & EXPORT PROMOTION COUNCIL
20. SYNTHETIC & RAYON TEXTILE EXPORT PROMOTION COUNCIl
21. WOOL & WOOLENS EXPORT PROMOTION COUNCIL

From exporter perspective:

The EPCs shall keep abreast of the trends and opportunities in international MARKETS for goods and services and assist their members in taking advantage of such opportunities in order to expand and diversify exports.

The major functions of the EPCs are:

• To provide commercially useful information and assistance to their members in developing and increasing their exports.
• To offer professional advice to their members in areas such as technology upgradation, quality and design improvement, standards and specifications, product development, innovation, etc
• To organize visits of delegations of its members abroad to explore overseas MARKET opportunities.
•  To organize participation in TRADE fairs, exhibitions and buyer-seller meets in India and abroad.
• To build a statistical base and provide data on the exports and imports of the country, exports and imports of their members, as well as other relevant international TRADE data.

An exporter may, on application, register and become a member of an Export Promotion Council. On being admitted to membership, the applicant shall be granted forthwith Registration-cum- Membership Certificate (RCMC) of the EPC concerned, subject to such terms and conditions as may be specified in this behalf.

How to register for RCMC, will be discussed in the next blog?

For further Consultation or Help regarding IEC registration/modification please write to us on contact@munim.in

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How to Register Import Export Code (IEC Registration)

As mentioned in the earlier blog that IEC is mandatory to import or export goods and services. Now the question arises, How to register IEC and Who is the issuing authority.

Import Export Code is registered with Directorate General of Foreign Trade (DGFT) and issued by Addl/Jt. DGFT of the Regional Area. The Ayaat Niryaat Form 2A (ANF 2A) is required to be filled in totality before applying for the IEC.

The ANF 2A comprises four Parts (A, B, C, D). 

Part A is the main body of the form that seeks basic and crucial information (including incorporation details, director details, etc.). It also ask for an unattested photograph of the director (in case of the company) or proprietor  (incase of the Proprietorship).

Part B is the bank certificate that certifies the Company/Proprietorship and its director/owner (authorized signatory). The applicant is advised to use the same photograph in Annexure A and B. The certificate is to be issued by the bank the details of which are mentioned in Annexure A.

Part C is for the modification of an existing IEC. It seeks modification of the information like change in address of the company/proprietorship , addition of the branch address, changes in the details of the director or name of the director etc.

Part D is the declaration which authorized signatory needs to sign.

Submission of Documents with Addl/Jt DGFT for new IEC:

1. One copy of the ANF2A (Parts A, B, D)

2. Each individual page of the application has to be signed by the applicant.

3. Application must be accompanied by documents as per details given below :

        i. Demand Draft of the prescribed fee in favour of the concerned Regional Office of DGFT. Money can also be paid through Electronic Fund Transfer (EFT).

       ii. Certificate from the Banker of the applicant firm in the specified format (Part B).

      iii. Self certified copy of Permanent Account Number (PAN) issued by Income Tax Authorities.

      iv. Two copies of passport size photographs of the applicant

       v. Photograph on the banker’s certificate should be attested by the banker of the applicant.

      vi. Self addressed envelope and stamp of Rs. 30.

     vii. Incase of company, a Board Resolution for nominating an Authorized Signatory

    viii. Incase of company, self certified Incorporation Certificate of the company. For proprietorship, self certified document proof of the Date of Birth of the owner is required and Documentary proof of Date of Formation in case of others.

     ix. These documents may be kept secured in a file cover.

4. A cover letter for Application of new IEC.

Submission of Documents with Addl/Jt DGFT for modification of IEC:

1. One copy of the ANF2A (Parts A, C, D)

2. Each individual page of the application has to be signed by the applicant.

3. Application must be accompanied by documents as per details given below :

        i. Self Certified copy of Document proof of Date of Birth of the owner in case of Proprietorship and number of IEC held along with their details. Self Certified copy of Incorporation Certificate incase of company. Documentary proof of Date of Formation in case of others.

       ii. Original IEC certificate is required to be submitted.

      iii. Proof of change in name and/or constitution of the company. Self certified copy of Certificate of ROC indicating the change of name. In case of change in Directors, copy of Form 32 and Receipt of payment made to ROC.

      iv. As proof of change in the address of the company, a self certified copy of Form 18 filed with  ROC, copy of Receipt of payment made to ROC and the self certified downloaded copy of page of Ministry of Corporate Affairs website indicating the change of address of company.

       v. For proof of addition of branch/factory, etc., documentary evidence like (any one): Shop & Establishment Certificate/Excise Registration Certificate/Sales Tax Registration Certificate / Electricity Bill / LandlineTelephone Bill, etc

      vi. In case there is change in PAN number of the company due to change in constitution or ownership of company (for example, from Private Limited Company to Public Limited Company, etc.), Self certified copy of new PAN card is required to be submitted.

     vii. Incase of company, a Board Resolution for nominating an Authorized Signatory

    viii. These documents may be kept secured in a file cover.

4. A cover letter for Application of modification in IEC.

DGFT, generally, issues/modifies IEC within 2/3 days of the application, if the application and documents are found to be in order.

For further Consultation or Help regarding IEC registration/modification please write to us on contact@munim.in

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What is IEC (Import Export code)?

Our country is having huge fiscal deficit, and ministry of finance is always trying to control the same by limiting and balancing imports with exports called as balance of payments. Hence, these 2 things are very important from the economic point of view. Keeping track of the same government has implemented various tools and providing an identity code for all those involving in such transaction called as IEC code.

The first requirement before you start an import/ export business in India is to obtain an IEC. An IEC is necessary for import/export of goods. In case the import/export is of services or technology, IEC is required in only limited circumstances, when import/export is in ‘specified services’ or ‘specified technologies’, i.e. services or technologies in which international trade is restricted by the Government of India as they pertain to national security, such as dealing in nuclear weapons, automatic guns, etc.

IEC (importer Exporter Code) number is a 10 digit code number given to an exporter or importer by the regional office of the Director General of Foreign Trade (DGFT), Department of Commerce, Government of India

The following categories of importers or exporters are exempted from obtaining Importer - Exporter Code (IEC) number:

 1.    Importers covered by clause 3 (1) [except sub-clauses (e) and (l)] and exporters covered by clause 3(2) [except sub-clauses (i) and (k)] of the Foreign Trade (Exemption from application of Rules in certain cases) Order, 1993.

2. Ministries/Departments of the Central or State Government.

3.Persons importing or exporting goods for personal use not connected with trade or manufacture or agriculture.

4. Persons importing/exporting goods from/to Nepal provided the CIF value of a single consignment does not exceed Indian Rs.25,000.

5. Persons importing/exporting goods from/to Myanmar through Indo-Myanmar border areas provided the CIF value of a single consignment does not exceed Indian Rs.25,000.

However, the exemption from obtaining Importer-Exporter Code (IEC) number shall not be applicable for the export of Special Chemicals, Organisms, Materials, Equipments and Technologies (SCOMET) as listed in Appendix- 3, Schedule 2 of the ITC(HS) except in the case of exports by category(ii) above.

In simple words, each and every body engaged in import/export business needs to have IEC code (exept the ones in the exempted list).

However, IEC code is not necessary in importing/exporting small consignment (upto Rs 20,000) with very less frequency (say once in a month or two).

--
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Why GST implementation is a big reform?

Elections are over and Modi effect is gripping the world as expected, whether it is Obama or Tony. Time to act now, conditions are favorable (markets at its best, oil prices dipped). A long pending issue started in 2000, by vajpayee Government for reforming the tax system India by introducing GST in India.

But is it really critical and much needed agenda to be resolved under this era of BJP. Yes actually, as after a long time Indian politics is governed under one sky.  

First let’s understand what GST is and how it will work?

GST(Goods and Service tax) is a comprehensive tax levy on manufacture, consumption and sale of goods and services at a national level. The basic philosophy of GST is to tax every goods and services in such a manner that the producer at each stage of the value chain can credit for tax paid on his inputs. The system allows the set-off of GST paid on the procurement of goods and services against the GST which is payable on the supply of goods or services. However, the end consumer bears this tax as he is the last person in the supply chain.

That sounds great, but, why GST when we already have VAT? Isn't the VAT framework similar to that of GST? VAT regulations and rates generally vary across states. There is a tendency, as has been observed, that states may resort to undercutting of rates to attract more investors. This generally leads to a loss of revenue to both the state and centre. GST would introduce uniform taxation laws across states and different sectors. The taxes would be divided between the state and centre, based on a formula that would be acceptable to both. Also, it would be easier to supply goods and services uniformly across the country, as no additional taxes would have to be paid across different states. Currently, no tax credits are provided for interstate transactions.

India will implement a dual GST system. A Central Good and Service Tax and a State Goods and Service Tax will be levied on taxable value of transaction. All goods and services barring few like alcohol, tobacco and petroleum will be brought into the GST base. There will be no distinction between goods and services.

It will not be an additional tax. CGST will include central excise duty (Cenvat), service tax, and additional duties of customs at the central level; and value-added tax, central sales tax, entertainment tax, luxury tax, octroi, lottery taxes, electricity duty, state surcharges related to supply of goods and services and purchase tax at the State level.

Comprehensive Tax Schemer (CTS)

MUNIM

COMPREHENSIVE TAX SCHEMER (CTS) – NOVEMBER 2014

Date	Tax	Form	Description
5th	Service Tax	Challan No. GAR-7	Payment of Service Tax  for Oct by Companies
6th	Service Tax	Challan No. GAR-7	Payment of Service Tax for month ending Oct for corporate assesses making E-PAYMENT
7th	Income Tax	Challan No. ITNS-281	Payment of TDS/TCS deducted/collected in Oct
7th	Income Tax	Form No.15G, 15H,27C	Submission of Forms received in Oct  to IT Commissioner
10th	Excise	ER-1	Return for Non SSI assesses for Oct
10th	Excise	ER-2	Return for EOUs for Oct
10th	D-VAT	Form 16 and CST 1	E- Return of VAT for the quarter ended Sep
10th	D-VAT	DVAT - 56	Filing of Return verification form DVAT-56 for (all Dealers) quarter ended Sep 2013
10th	D-VAT	DVAT - 48	Return of TDS for Sep quarter in DVAT-48
10th	Excise	ER-6	Return by units paying duty greater than Rs 1 crore (CENVAT + PLA) for Oct
12th	D-VAT	BE - 2	Furnish advance information for functions in Banquet Halls, hotels etc. where food &/or liquor items supplied & booking cost > Rs 1 lakh per function for 2nd fortnight of November
14th	Service Tax	ST - 3	Filing of Half Yearly Service Tax return. ( April to September)
15th	Company Law	CLSS	Filing of Annual Reports etc. to be filed by 30-6-2014 with 25% Additional fee, No Prosecution/ Disqualification u/s 164(2)
15th	D-VAT	DVAT-20	Deposit of DVAT TDS for Oct
15th	Income Tax	Form 16A/ 27D	Issue of Quarterly TDS/TCS certificate for Sep quarter for Govt. deductors
15th	Provident Fund	Electronic Challan cum Return (ECR)	E-Payment of PF for Oct ( Cheque to be cleared by 20th)
21st	M-VAT	MVAT Challan	Payment of VAT & WCT TDS under MVAT for Oct
21st	D-VAT	DVAT-20 & Central	Deposit of VAT & CST for Oct
21st	M-VAT	Form 231-235 & CST 1	Submission of MVAT return for Oct
21st	ESI	ESI Challan	Payment of ESI of Dec
22nd	D-VAT	DVAT- 43	Issue of DVAT Certificate for deduction made in Oct
22nd	Income Tax	Form 16A	Issue of TDS Certificate for tax deducted under Section 194-IA in the month of October, 2014
27th	D-VAT	BE - 2	Furnish advance information for functions in Banquet Halls,hotels etc. where food &/or liquor items supplied &booking cost > Rs 1 lakh per function for 1st fortnight of December
28th	D-VAT	Form No. 9	Reconcillation of Statutory forms for 2013-14
30th	Professional Tax	Form No. IIIB	Return of Monthly Profession Tax (Liability equal to more than Rs. 50,000)
30th	Professional Tax	MTR - 6	Payment of monthly profession tax (Liability greater than equal to Rs. 50000)
30th	Income Tax	ITR-6	Filing of I.T. Returns by Companies(Tax Audit applicable)
30th	Income Tax	Form No. 3CEB	Obtaining Audit report u/s 92E
30th	Income Tax	Form No. 3CD, 3CA/3CB	Obtaining Tax Audit Report
30th	Income Tax	ITR - 4,5	Filing of I.T. Return by Individuals, Firms,AOPs, BOIs (Audit applicable)
30th	Wealth Tax	Form No. BB	Filing of wealth tax returns (Tax Audit applicable)
30th	Excise	ER-4	Annual Return by units paying duty more than Rs 1 crore (CENVAT + PLA)
30th	Income Tax	ITR-4,5,6	Filing of I.T. Returns by assesses where Transfer Pricing provisions are applicable