International Accounting Standards Board (IASB) has announced amendments to International Financial Reporting Standards (IFRS) which are applicable for reporting periods beginning on or after 1…


On 11 February 2022, the Central Government notified amendments to Companies (Accounts) Rules, 2014. The amended rules apply to companies that are required to undertake…

Tax Litigation Management – New Way to Reduce Litigation on Repetitive Matters
India has a multi layered dispute resolution mechanism. Over the years, tax appeals pending for disposal are ever...

Education Cess not allowed as deduction with retrospective effect
Section 40(a)(ii) of the Income Tax Act, 1961 (‘Act’) provides for disallowance of any rate or tax levied on profits or gains of any business…

Supplementary clarifications on TDS/TCS on goods/e-commerce transactions
Tax withholding/collection has always been an area of contention between the taxpayers and the tax deductors/collectors.

AY 2021-22: Revised Extended Tax Return Filing Timelines
Pursuant to the launch of E-Filing Portal 2.0, technical glitches have been faced by the taxpayers.

Amendments to CSR activities for the year 2020-21
The ethos of philanthropy in India is age-old, spanning thousands of years, and the act of 'giving' is integral to this culture. ...

Persons notified for signing Income Tax Returns and to act as Authorized Representative
With the enactment of the Insolvency and Bankruptcy Code, 2016 (IBC), insolvency professionals viz: resolution professional, an interim resolution professional...

Relaxation in timelines for compliance with regulatory requirements by SEBI
The COVID-19 pandemic has been disruptive to life and business. With the second wave of the pandemic gradually drawing to a slow end, anxious anticipation…
SUBSCRIBE TO OUR INSIGHTS
We are constantly working on sharing relevant alerts & publications to keep you informed on the latest developments.
