Daily Archives: April 11, 2020

Impact of COVID-19 on Presentation of Financial Statements, Consolidated Financial Statements, Property Plant & Equipment and Borrowing Cost

Posted on April 11, 2020

1.    Presentation of Financial Statements [Ind AS 1] Breach of loan covenants (including classification of liabilities into current and non-current) Ind AS 1- Due to COVID-19 there may be instances of breach of loan covenants which may trigger the liability … Continue reading →

Posted in Audit & Assurance |

Extension of Due Dates Due to Covid-19 Lockdown

Posted on April 11, 2020

INCOME TAX Nature of Compliance Relevant Period Original Due Date Extended Due Date Income Tax Return for [Belated return & Revised return] FY 2018-19 (AY 2019-20) 31st March 2020 30th June 2020 TDS Returns in Form 24Q/26Q   4th quarter … Continue reading →

Posted in Direct Tax, GST, Regulatory, Taxation |