An Indian subsidiary runs on a fixed rhythm: TDS by the 7th, PF and ESI by the 15th, GST on the 11th and 20th, advance tax on 15 June, 15 September, 15 December and 15 March, then the AGM within six months of the 31 March year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM, and the FLA return by 15 July. A Russian-owned company has extra items: periodic sanctions and ownership reviews, bank due diligence refreshes and the parent's Russian reporting, which uses a 31 December year end. Put them on one calendar so the Indian numbers reach Russia in time.
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Key facts
| Monthly | TDS by the 7th; PF and ESI by the 15th; GSTR-1 by the 11th and GSTR-3B by the 20th |
|---|---|
| Quarterly | TDS returns; advance tax instalments 15 June, 15 September, 15 December, 15 March |
| Annual (company) | AGM within 6 months of year end; AOC-4 within 30 days and MGT-7 within 60 days of the AGM |
| Annual (FEMA) | FLA return by 15 July |
| Event-based | FC-GPR within 30 days of allotment; Form 41 before each treaty payment |
| Sanctions and KYC | Re-screen owners and counterparties at least quarterly and on any list change; refresh bank KYC |
| Year end | 31 March for the Indian subsidiary; the Russian parent reports on a calendar year |
| Russian side | Parent's tax, currency control and foreign participation reporting on the Russian calendar |
Monthly and quarterly rhythm
| When | What | Who |
|---|---|---|
| 7th of each month | Deposit TDS, including Withholding Tax on payments abroad | Finance |
| 11th | GSTR-1 outward supplies | Finance |
| 15th | PF and ESI contributions | Payroll |
| 20th | GSTR-3B summary return and tax payment | Finance |
| Quarterly | TDS returns; sanctions re-screening | Finance and compliance |
| 15 Jun, 15 Sep, 15 Dec, 15 Mar | Advance tax instalments | Finance and tax adviser |
Annual cycle
| Period | Item | Note |
|---|---|---|
| 31 March | Financial year end | The Russian parent uses a calendar year, so plan the bridge to group reporting |
| April to June | Closing accounts and audit | Statutory auditor appointed for five years at the first AGM |
| 15 July | FLA return | Annual return on foreign liabilities and assets |
| By 30 September | AGM within six months of year end | Extension possible only with the Registrar |
| AGM + 30 days | AOC-4 financial statements | File with the Registrar |
| AGM + 60 days | MGT-7 annual return | File with the Registrar |
| Tax return | Income tax return and Form 48 where applicable | Check the current due date under the Income-tax Act, 2025 |
| Before year end | Director KYC and board meetings | At least four board meetings a year, no more than 120 days apart |
Event-driven filings
- New share allotment: allot within 60 days of receipt of funds; file FC-GPR within 30 days of allotment. See funding and FEMA.
- Payments abroad: Form 41 and the residence certificate on file; Form 145 and, if required, Form 146 with the bank.
- Directors and officers: DIR-12 within 30 days of a change.
- Beneficial owner changes: BEN-2 where a significant beneficial owner (10%) is declared; update the bank and sanctions file at the same time.
- Registered office change: within the same city and across cities follow different forms and approvals.
The Russian side of the calendar
The Russian parent consolidates its Indian subsidiary, so Indian closing dates must fit the group timetable. The parent's profit tax return, currency control and foreign participation notifications belong to the Russian calendar. The Russian items here are indicative; your Russian adviser keeps the authoritative list. Agree a fixed hand-over date for the Indian numbers each quarter. See Russian parent obligations.
Practical tips
- Name an owner and a deputy for every line.
- File early: government portals slow down on deadline days.
- Keep a single shared folder for challans, returns, approvals, bank correspondence and screening results.
- Check each date against the official portal at the start of the year; due dates are sometimes extended or moved.
Official sources
Check the rules at the primary sources: Income Tax Department (India), Reserve Bank of India, Ministry of Corporate Affairs, Federal Tax Service (Russia), Bank of Russia and the Ministry of External Affairs (India).
Frequently asked questions
When is the AGM of an Indian subsidiary due?
Within six months of the 31 March year end, which is by 30 September in most cases.
What is due after the AGM?
AOC-4 (financial statements) within 30 days and MGT-7 (annual return) within 60 days of the AGM.
When is the FLA return due?
By 15 July each year.
When must TDS be deposited?
By the 7th of the month following the deduction, with returns filed quarterly.
What are the advance tax dates?
15 June, 15 September, 15 December and 15 March.
What is the filing deadline for FC-GPR?
Within 30 days of allotting shares to the foreign investor.
How often should sanctions screening be repeated?
At least quarterly and whenever a list or the ownership changes. Keep the results on file for the bank and auditor.
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Last updated 26 October 2026. General information only, not legal or tax advice. Indian and Russian rules change often; confirm current requirements before acting.