Corporate Social Responsibility Under Section 135 of Companies Act 2013

Posted on March 17, 2023

Background  The importance of inclusive growth is widely recognized as an essential part of India's quest for development. In line with this national endeavor, Corporate Social Responsibility (CSR) was conceived as an instrument for integrating social, environmental, and development concerns... Read More →

Posted in Audit & Assurance |

CBDT apprises on e-Verification Scheme’s Process, Stats & Benefits

Posted on March 17, 2023

CBDT had notified a e-Verification Scheme, 2021 (the “Scheme”) on 13th December, 2021 to encourage voluntary tax compliance and to facilitate a transparent and non-intrusive tax administration. The Department has been collecting information of financial transactions from multiple sources and... Read More →

Posted in Direct Tax |

Applicability of Internal Financial Controls (IFCs) on Private Limited Companies

Posted on March 7, 2023

Note on Applicability of Internal Financial Controls (IFCs) (Legal Status as at 25th February 2023) Internal Financial Controls (IFCs)– Applicability on Private Limited Companies As per provisions of Section 143(3)(i) of Companies Act,2013 (hereinafter referred as CA 2013), The Auditor... Read More →

Posted in Audit & Assurance |

Co. Law Rules Changes

Posted on January 25, 2023

The Ministry of Corporate Affairs vide its notification dated January 20, 2023 has amended the Companies (Appointment and Qualification of Directors) Rules, 2014. The amended rules have come into effect from January 23, 2023. Certain key changes are as follows:... Read More →

Posted in Direct Tax |

Extension of time limit for compliance to be made for claiming exemption under Section 54 to Section 54GB

Posted on January 9, 2023

CBDT has issued circular No.1 of 2023 dated 6 January 2023 for extension of last day for compliances by taxpayers such as investment, deposit, payment, acquisition, purchase, construction or such other action, by whatever name called, for claiming any exemption... Read More →

Posted in Direct Tax |