Read Time: < 1 minuteRevision in Valuation of Rent Free Accommodation Under the Income Tax Act, 1961 The Central Board of Direct Taxes (‘CBDT’) vide its notification dated August
Read Time: < 1 minuteUpdates of 50th GST Council Meeting On July 11, 2023, the 50th GST council meeting was held in New Delhi, and the following recommendations were
Read Time: < 1 minuteInoperative PAN : Income Tax Department Issues Clarifications for NRIs, OCIs Several non-resident Indians (NRIs) and Overseas Citizenship of India (OCIs) have not been able
Read Time: < 1 minuteDeadlines for Submission of Certain TDS/TCS Statements Extended. The press-release by The Central Board of Direct Taxes dated 28th June, 2023 offered relaxations w.r.t. some
Read Time: < 1 minuteKey Takeaways from latest CBDT Press Release The Central Board of Direct Taxes clarifies that payments made by an individual using their International Debit or
Read Time: < 1 minutePAN-Aadhaar Linking PAN-Aadhaar Linking is the process of connecting an individual’s Permanent Account Number (PAN) with their Aadhaar number. It is mandatory for filing tax
Read Time: 2 min
Timelines for Issue of Objections or Suggestions & Confirmation Order w.r.t Mergers or Amalgamations Ministry of Corporate Affairs (MCA) has made amendment in Companies (Compromises, Arrangements
Read Time: 2 min
Special All India GST Drive to Detect Fake GSTINs CBIC vide Instruction No-01/2023-GST dated 04.05.2023, has announced that a special GST drive shall be initiated
Read Time: < 1 minuteApplicability of e-invoicing from August 1, 2023, onwards. On May 10, 2023, the CBIC issued Notification No. 10/2023 – Central Tax, extending the applicability of
Read Time: 2 min
GST Amnesty Scheme 2023 The CBIC has notified the much-anticipated amnesty scheme through Central Tax Notifications dated 31st March 2023. Recently in February 2023, the
Read Time: < 1 minuteUpdated Advisory on Time Limit for Reporting E-Invoices on the IRP Portal GSTN has issued an updated advisory on time limit for Reporting of E
Read Time: 2 min
Time Limit for Reporting E Invoices on the IRP Portal. The Goods and Services Tax Network (“GSTN”) has issued an Advisory dated April 12, 2023
Read Time: < 1 minuteCBDT notifies ‘348’ as Cost Inflation Index (provisional) for Financial Year 2023-24 The CBDT vide Notification No. 21/2023, dated 10-04-2023, has notified ‘348’ as the
Read Time: < 1 minuteEmployer to Deduct tax as per new tax regime if employee didn’t intimate about opting of old regime
Read Time: < 1 minute“Mahila Samman Savings Certificate – 2023” offers 7.5% P.A. Interest on 2 Years Deposit The “Mahila Samman Savings Certificate – 2023” is a special savings
Read Time: < 1 minuteConsequences if PAN becomes Inoperative due to non-linking with Aadhaar The Central Board of Direct Taxes (CBDT) has amended Rule 114AAA to outline the consequences
Read Time: < 1 minutePAN-Aadhaar Linking Deadline: Act Before March 31, 2023 Linking Aadhaar with PAN is a mandatory process introduced by the government to streamline tax filings and
Read Time: < 1 minuteGovt. Brings Crypto Assets Under the Purview of PMLA The Ministry of Finance has notified an amendment in Prevention of Money-laundering Act, 2002. Now, a
Read Time: < 1 minuteCBDT Notifies ITR Forms for AY 2023-2024 The Central Board of Direct Taxes (CBDT) has notified the Income-tax Return (ITR) forms for the Assessment Year
Read Time: < 1 minuteMCA to launch the new forms in updated version (3) MCA is launching Second set of Company Forms covering 56 forms in two different lots
Read Time: < 1 minuteSEBI New Update 2025 – Position of Company Secretary In a recent SEBI’s interpretative letter dated 03.04.2025 addressed to DCB Bank Ltd. The SEBI has
Read Time: 5 min
Activities to be Undertaken for GST Compliances of FY 2024-25 As the FY 2024-25 comes to an end, businesses need to complete important tasks to
Read Time: < 1 minuteMCA Extends Deadline for Mandatory Dematerialization of Shares to June 30, 2025 Dear Stakeholders, We would like to inform you that the Ministry of Corporate
Read Time: 2 min
RCM Liability/ITC Statement Introduced on GST Portal In August 2024, the GST Portal introduced a new RCM Liability/ITC Statement to help taxpayers manage their reverse
Read Time: < 1 minuteE-Invoicing New/Update from 1st April-2025 It is to inform you that the Government has decided to impose a time limit on reporting old invoices on
Read Time: < 1 minuteLocking of Auto-Populated Liability in GSTR-3B Oct 17th, 2024 In order to assist taxpayers in filing their returns and minimizing human errors, GSTN has continuously
Read Time: 2 min
GST Notification Regarding RCM on Commercial Properties Key Changes Introduced by Notification No. 09/2024. In exercise of the powers conferred by Section 9(3) of the
Read Time: 2 min
Foreign Exchange Management (Overseas Investment) Regulations, 2022 1 Notification Date 22/08/2022 2 Subject Foreign Exchange Management (Overseas Investment) Regulations, 2022 3 Brief description The
Read Time: < 1 minuteEconomic Survey 2023-2024 Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023-24 in Parliament on July 22, 2024. The Economic Survey is an annual report
Read Time: 2 min
CBDT Circular No. 6: Relief for TDS/TCS Deductors on PAN-Aadhaar Linkage The Central Board of Direct Taxes (CBDT) has taken a significant step towards addressing
Read Time: < 1 minuteImplementation of e-Verification Scheme-2021 The e-Verification Scheme-2021 is an initiative by the Government of India to streamline and simplify the process of verifying income tax
Read Time: 3 min
Audit Trail and Back-Up Verification BackGround a.) Additional Reporting for Statutory Auditors: As per the Companies (Audit and Auditors) Rules, 2014, additional reporting requirements have
Read Time: 3 min
Amendment in Section 115A of Income Tax Act-ROYALTY/FTS BackGround One of the key and major amendments introduced while passing the Finance Bill, 2023, by Lok
Read Time: < 1 minuteLegal Entity Identifier (LEI) The Legal Entity Identifier (LEI) is a unique global identifier for legal entities participating in financial transactions. Also known as an
Read Time: 2 min
Dematerialization of Securities by Private Limited Companies The Ministry of Corporate Affairs, vide notification dated October 27, 2023, has made it mandatory for all private
Read Time: < 1 minuteFailing to file Form 10C Could Lead to Imposition of Higher Rate of Taxes Please find enclosed a recent judgment by the Hon’ble Delhi High
Read Time: 2 min
Order by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli Registrar of Companies, Gujarat, Dadra & Nagar Haveli has issued order for violation of
Read Time: < 1 minuteRevision in Valuation of Rent Free Accommodation Under the Income Tax Act, 1961 The Central Board of Direct Taxes (‘CBDT’) vide its notification dated August
Read Time: < 1 minuteUpdates of 50th GST Council Meeting On July 11, 2023, the 50th GST council meeting was held in New Delhi, and the following recommendations were
Read Time: < 1 minuteInoperative PAN : Income Tax Department Issues Clarifications for NRIs, OCIs Several non-resident Indians (NRIs) and Overseas Citizenship of India (OCIs) have not been able
Read Time: < 1 minuteDeadlines for Submission of Certain TDS/TCS Statements Extended. The press-release by The Central Board of Direct Taxes dated 28th June, 2023 offered relaxations w.r.t. some
Read Time: < 1 minuteKey Takeaways from latest CBDT Press Release The Central Board of Direct Taxes clarifies that payments made by an individual using their International Debit or
Read Time: < 1 minutePAN-Aadhaar Linking PAN-Aadhaar Linking is the process of connecting an individual’s Permanent Account Number (PAN) with their Aadhaar number. It is mandatory for filing tax
Read Time: 2 min
Timelines for Issue of Objections or Suggestions & Confirmation Order w.r.t Mergers or Amalgamations Ministry of Corporate Affairs (MCA) has made amendment in Companies (Compromises, Arrangements
Read Time: 2 min
Special All India GST Drive to Detect Fake GSTINs CBIC vide Instruction No-01/2023-GST dated 04.05.2023, has announced that a special GST drive shall be initiated
Read Time: < 1 minuteApplicability of e-invoicing from August 1, 2023, onwards. On May 10, 2023, the CBIC issued Notification No. 10/2023 – Central Tax, extending the applicability of
Read Time: < 1 minuteUpdated Advisory on Time Limit for Reporting E-Invoices on the IRP Portal GSTN has issued an updated advisory on time limit for Reporting of E
Read Time: 2 min
Time Limit for Reporting E Invoices on the IRP Portal. The Goods and Services Tax Network (“GSTN”) has issued an Advisory dated April 12, 2023
Read Time: 2 min
GST Amnesty Scheme 2023 The CBIC has notified the much-anticipated amnesty scheme through Central Tax Notifications dated 31st March 2023. Recently in February 2023, the
Read Time: < 1 minuteCBDT notifies ‘348’ as Cost Inflation Index (provisional) for Financial Year 2023-24 The CBDT vide Notification No. 21/2023, dated 10-04-2023, has notified ‘348’ as the
Read Time: < 1 minuteEmployer to Deduct tax as per new tax regime if employee didn’t intimate about opting of old regime
Read Time: < 1 minute“Mahila Samman Savings Certificate – 2023” offers 7.5% P.A. Interest on 2 Years Deposit The “Mahila Samman Savings Certificate – 2023” is a special savings
Read Time: < 1 minuteConsequences if PAN becomes Inoperative due to non-linking with Aadhaar The Central Board of Direct Taxes (CBDT) has amended Rule 114AAA to outline the consequences
Read Time: < 1 minutePAN-Aadhaar Linking Deadline: Act Before March 31, 2023 Linking Aadhaar with PAN is a mandatory process introduced by the government to streamline tax filings and
Read Time: < 1 minuteGovt. Brings Crypto Assets Under the Purview of PMLA The Ministry of Finance has notified an amendment in Prevention of Money-laundering Act, 2002. Now, a
Read Time: < 1 minuteCBDT Notifies ITR Forms for AY 2023-2024 The Central Board of Direct Taxes (CBDT) has notified the Income-tax Return (ITR) forms for the Assessment Year
Read Time: < 1 minuteMCA to launch the new forms in updated version (3) MCA is launching Second set of Company Forms covering 56 forms in two different lots
Read Time: < 1 minuteCBDT Circular on TDS on Salaries for FY 2022-23 Every year The Central Board of Direct Taxes (‘CBDT’) issues guidelines regarding tax to be deducted
Read Time: 2 min
RBI has issued Master Direction for Export of Goods and Services 1 Notification Date 22/11/2022 2 Subject RBI Master Direction on Export of Goods and
Read Time: < 1 minuteTime Limit for Deferred Payment Arrangements for Import of Goods and Services RBI has issued amendment in Time Limit for Deferred Payment Arrangements for Import
Read Time: 2 min
Companies (Registered Valuers and Valuation) Rules, 2017 MCA issues Notification to further amend the Companies (Registered Valuers and Valuation) Rules, 2017. 1 Notification Date 21/11/2022
Read Time: < 1 minuteRevised Annual Compliance Certificate for Insolvency Professional Agencies IBBI prescribes revised format of Annual Compliance Certificate for Insolvency Professional Agencies 1 Notification Date 02/11/2022 2
Read Time: < 1 minuteInsolvency Resolution Process for Corporate Persons Insolvency and Bankruptcy Board of India hereby makes the following regulations further to amend Insolvency and Bankruptcy Board of
Read Time: < 1 minuteRemoval of Names of Companies from Register of Companies MCA has issued Second Amendment Rule, 2022 in Companies (Removal of Names of Companies from Register
Read Time: < 1 minuteAdvance Tax in India The CBIC, via Notification No. 17/2022 – Central Tax dated August 1, 2022, extended the applicability of e-invoicing to all taxpayers
Read Time: 3 min
GST Rate Changes after 47th GST Council Meeting S. No. Description From To GST rate changes 1 Printing, writing or drawing ink 12% 18% 2
Read Time: < 1 minuteHotels/Restaurants cannot add service charge automatically or by default The Consumer Affairs Ministry has issued a press release stipulating that hotels or restaurants shall not
Read Time: 2 min
Newly Incorporated Section 194R (Income Tax Act 1961) Update from RBI on obtaining LEI code for non-individual (corporate) borrowers: 1 Notification Date 21/04/2022 2 Subject
