CBDT Extends Due Dates for Filing of Income Tax Returns & Various Audit Reports for AY 2021-22

Posted on January 11, 2022

In the light of difficulties reported by the taxpayers and other stakeholders due to COVID and in electronic filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22 under the Income-tax Act, 1961 (‘Act’), CBDT... Read More →

Posted in Direct Tax |

Prompt Corrective Action Framework for NBFC’s [Effective from October 1, 2022]

Posted on December 17, 2021

RBI vide Circular RBI/2021-22/13DoS.CO.PPG.SEC.7/11.01.005/2021- 22, dated 14th December, 2021 has issued guidelines for a prompt  corrective action framework for non-bank finance companies. The PCA Framework for NBFCs comes into effect from October 1, 2022, based on the financial position of... Read More →

Posted in Regulatory |

Mandatory BRSR Reporting for Top 1000 Listed Companies [Applicable from FY 2022-23]

Posted on December 9, 2021

In recent years, adapting to and mitigating climate change impact and transitioning to sustainable development have emerged as major issues globally. There is an increased focus of investors and other stakeholders seeking businesses to be responsible and sustainable towards the... Read More →

Posted in Regulatory |

Annual Information Statement

Posted on November 13, 2021

Annual Information Statement CBDT had rolled out the Annual Information Statement (AIS) on the Compliance Portal which provides a comprehensive view of information to a taxpayer with a facility to capture online feedback. The new AIS provides a complete profile... Read More →

Posted in Direct Tax |

Weekly Funding Report 1st November to 6th November, 2021

Posted on November 10, 2021

11 Indian Start-ups raised funding in the first week of November, 09 received a total sum of about $109 million and 02 didn’t disclose the financial details Following are some key Transactions: Quick commerce grocery delivery app Zepto raised highest... Read More →

Posted in Transaction Advisory |