Tax Audit Applicability for F.Y. 2022-23

Posted on September 18, 2023

Section 44AB Audit of accounts of certain persons carrying on business or profession of Income Tax Act, 1961-Every person,—a) carrying on business shall, if his total sales, turnover or gross receipts, as the case may be, in business exceed or... Read More →

Posted in Audit & Assurance |

Framework for Voluntary Delisting of Debt Securities

Posted on September 5, 2023

The Securities and Exchange Board of India (“SEBI”) have included framework for voluntary delisting of non-convertible redeemable preference shares and non-convertible redeemable preference shares (collective “NC Securities”) from Stock Exchange (“SE”) by inserting Chapter VIA to the Securities and Exchange... Read More →

Posted in Regulatory |

India Entry Strategy

Posted on August 11, 2023

Entry Option Investment routes Funding Option Repatriation of Funds India Entry Options Project Office: PO represents interests of the foreign company executing a project in India. Permitted activities These offices can only undertake an activity related and incidental to execution of... Read More →

Posted in Regulatory |

Document Identification Number (DIN) – Significance in Income Tax Department’s Communication

Posted on August 10, 2023

Central Board of Direct Taxes vide Circular No. 19/2019, mandated that no communications related to notice, order, appeal, assessment, investigation or any other correspondence shall be issued by the Income Tax Department without a computer-generated Document Identification Number (DIN). The... Read More →

Posted in Direct Tax |

Significant Changes-SEBI LODR

Posted on July 21, 2023

The Stock Exchange Board of India, vide SEBI (Listing Obligations and Disclosure Requirements) (Second Amendment) Regulations, 2023 dated 14th June, 2023, and its follow-on Circulars dated 12th July, 2023, and 13th July, 2023, has introduced significant developments on disclosures by... Read More →

Posted in Regulatory |