psa@parekhsharma.com
+91 (22) 3595 0001

Parekh Sharma & Associates (PSA)

Parekh Sharma & Associates, is a single window professional services firm servicing corporate and private clients since 2009. We assist our clients with industry driven solutions with an objective that it has long lasting improvements to their Business and Compliance functions, engaged in the profession of Audits and Assurance Service which includes Statutory Audit, Internal Audit, Internal Audit of Stock Broker, Stock Audit of Stock Broker, Management Audit, System Audit etc. Our services also includes consulting on Direct and Indirect Taxation, Transfer pricing, Tax Litigations, Management & Business Advisory Services, Entry Strategies, Design and Developing Internal Controls System , Developing SOPs and its Implementation, Internal Financial Control Reporting, , Risk & Governance , India GAAP – IND- As Implementation, Succession Planning , Business and Equity Valuations, Due Diligence, Corporate Finance ,Managing Accounts and handholding Services for last 9 years. The Firm offering a wide spectrum of Professional services and has a tradition of offering quality services since the era of regulatory rulings to this era of globalization while upholding the Code of Ethics and Code of Conduct issued by the Institute of Chartered Accountants of India.

We have been serving clients from across various industries and we believe in providing comprehensive solutions to assist our clients in meeting the challenges of a dynamic business environment .The firm also has association with a Company Secretary and Information Technology professionals thus offering various services under one net

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GST

GST is a huge tax reform in India post-Independence

Every Company, LLP and partnership firm has to file income tax return

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Due Date Reminder

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July Aug Sep Oct Nov Dec
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25 Aug 25 Deposit of GST under QRMP scheme for July .
28 Aug 25 Return for July by persons with Unique Identification Number (UIN) like embassies etc to get refund under GST for goods and services purchased by them.
30 Aug 25 Deposit of TDS u/s 194-IA on payment made for purchase of property in July.
30 Aug 25 Deposit of TDS u/s 194-IB @ 5% on total payment of Rent more than 50,000 pm by individual or HUF (not liable to tax audit) during FY 24-25, where lease has terminated in July. (Else TDS is to be deposited on annual basis by 30 April of next year.)
30 Aug 25 Deposit of TDS on certain payments made by individual/HUF u/s 194M for July.
30 Aug 25 Deposit of TDS on Virtual Digital Assets u/s 194S for July.
31 Aug 25 Application for exercising option under Explanation to section 11(1) to apply income of previous year in the next year or in future, if ITR due date is October 31.
31 Aug 25 Statement in to be furnished to accumulate income for future application u/s 10(21) or 11(1), if ITR due date is October 31.

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