Tax Audit Applicability for F.Y. 2022-23

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

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

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

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

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 |