Further Extension Of Certain Due Dates By CBDT vide Notification No. 35 of 2020 dated 24th June 2020

CBDT vide Notification No. 35 of 2020 dated 24th June 2020 has provided relief to the taxpayers by further extending certain due dates for making compliances which were extended originally through the Taxation and Other Laws (Relaxation of Certain Provisions)... Read More →

Posted in Direct Tax |

Cost Optimization Post Covid-19

As the world is suffering from the rise of COVID-19, at the same time business are suffering due to lack of revenues, bad debts, fall in demand etc. and ultimately it is impacting profits and reserves of businesses. Many businesses... Read More →

Posted in Audit & Assurance |

RBI Restricts Round Tripping Through Overseas Direct Investment

Reserve Bank of India (RBI) regulates overseas direct investment (ODI) made by Indian entities and resident individuals in Joint ventures (JV) and Wholly owned subsidiaries (WOS) outside India pursuant to Foreign Exchange Management (Transfer or Issue of any Foreign Security)... Read More →

Posted in Regulatory |

Delhi High Court Allowing Petitioner to Carry Forward Transitional Credit Despite Retrospective Amendment.

Recent ruling of Delhi High Court in the case of SKH Sheet Metals Components (W.P. (C) 13151/2019) allowing petitioner to carry forward Transitional  Credits  by 30th June, 2020 despite Retrospective Amendment Relevant Legal Provisions: Taxpayers were mandated to file TRAN-1... Read More →

Posted in GST |

Role of Internal Audit in Business Resilience during COVID-19

There is no doubt that businesses are hugely hit by the impact of covid-19. Risk Management and recommending controls over high risk areas is the expertise of internal audit teams. In here there are various ways through which internal audit... Read More →

Posted in Audit & Assurance |