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"The Income-Tax Bill, 2025 re-introduced"

The Income-Tax Bill, 2025, which was introduced in the Lok Sabha on February 13, 2025 Download
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Due Date of FLA return extended

RBI has extended the due date of FLA return for FY 2023-24 to July 31st, 2024. Download
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Opportunity to get input credit of pre-GST era if not claimed earlier

As a onetime opportunity companies can apply to govt. to get credit of input taxes for period prior to GST law started in 2017. Govt. has released detailed procedures in this regard. This facility is available only from Oct/1-Nov/30, 2022. Download
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Our Publications

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Synopsis of Tax Proposals of India Budget 2024

The Finance Minister of India on July 23, 2024, presented in the Parliament the Union Budget for the fiscal year 2024-25. This Budget has brought in substantial changes in the direct and indirect tax laws. In this Alert we have briefly discussed the direct and indirect tax proposal of the India Budget 2024. These change are applicable from April 1, 2024, unless otherwise specified. Download
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A new scheme proposed to resolve pending tax llitigation cases

The newly introduced version of Vivad se Vishwas Scheme, 2024 is appealing and deserves a serious thought by taxpayers struggling with prolonged tax litigation in India. The benefit if this Scheme is not lies only in getting rid of tax appeals, but also reduced tax outgo. Download
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Dematerialization of Shares made mandatory for Private Companies

Government has mandated private companies to get its shares and other securities dematerialized by September 30, 2024. Earlier this was required for listed companies and unlisted public companies. Please find GSAP alert in this regard. Download
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Our Articles

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Income tax notices on foreign assets: Relief under increased threshold

In recent times, there has been a significant increase in notices being issued by the Income Tax Department to taxpayers regarding non-disclosure of foreign bank accounts in the Foreign Assets (FA) schedule of their income tax returns Download
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The RBI has implemented a critical compliance requirement under the IEDPMS framework

All Exporters and Importers are now required to self-register on the RBI IEDPMS portal to view and reconcile their cross-bank trade transactions. Download
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Provision of the Companies Act, 2013 regarding Significant Beneficial Owner

In this article we have briefly discussed the amended Significant Beneficial Owners Rules of 2019, its applicability and filing requirements. Download
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