The Finance Act 2021 has made certain amendments in the Income-tax Act, 1961, with provisions related to Tax Deduction at Source (TDS) and Tax Collection…


CBDT amends quarterly TDS/TCS statements and expands the ambit of reporting base
The government has undertaken various steps towards ease of compliance and is trying to expand the taxpayer’s base...

New Circular Issued by SEBI regarding the AIFs, VCFs, and MFs
Securities and Exchange Board of India (SEBI) has issued circulars prescribing the...

Enhancement of overall limit for overseas investment by AIFs/VCs
SEBI (Securities and Exchange Board of India) issued Circular SEBI/HO/IMD/DF6/CIR/P/2021/565 dated 21 May 2021 to enhance...

MCA issued a clarification on offsetting CSR spent for FY 2019-20
Keeping in view the spread of COVID-19 in India, an appeal was made on 30 March 2020 to Managing Directors/CEOs of top 1000 companies in…

Extension in Due Date for various compliances under the Income-tax Act
In the wake of the pandemic that has engulfed the entire country, the Finance Minister has time and again extended various due dates for compliance...

CARO (Company Auditor's Report Order) 2016 was replaced by CARO 2020 for the statutory audits commencing on or after 1 April 2020.

Upgrading Accounting Standards – ICAI issued exposure draft of AS 12: Income Taxes
Indian Accounting Standards (Ind AS) are applicable to specified classes of companies as notified by the Ministry of Corporate Affairs (MCA).

Reporting in the current year of the pandemic will require business leaders to evaluate their corporate model and its future sustenance.
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