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- Adjudication of Penalties – Section 454 of Companies Act, 2013
- Implementation of e-verification scheme-2021
- Direct listing of equity shares of unlisted Public Companies incorporated in India on International Exchanges
- Investment under Employee Benefit Scheme/ESOP/Sweat Equity Shares
- Utilizing Tax Treaty Advantages for Non-Residents
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Monthly Archives: April 2020
National Financial Reporting Authority (NFRA)
National Financial Reporting Authority (NFRA) has been constituted on 1st October 2018 under Section 132 of the Companies Act, 2013 vide MCA Gazette Notification No. 5099(E) dated 1st October, 2018. Thereafter, MCA has notified National Financial Reporting Authority Rules, 2018, … Continue reading
Posted in Audit & Assurance
Auditing Big Data
The difference between data and information is usually understood. Data is raw, and requires processing. Data can be simple but random and needs organization. When the data is processed, organized, analyzed and converted into information, then it is ready to … Continue reading
Posted in Audit & Assurance, Risk Advisory
Impact of COVID-19 on Presentation of Financial Statements, Consolidated Financial Statements, Property Plant & Equipment and Borrowing Cost
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
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
Risk Management for ‘Black Swan’ Events and Business Continuity Plan
Why the term Black Swan is used so often in risk management because the risk managers feel the need to separately call out extreme impact events, regardless of probability and they pose an existential threat to a firm. Black Swan Definition … Continue reading
Posted in Risk Advisory