For corporate CFOs, enterprise owners, and finance heads preparing for tax audit season, recent statutory updates have shifted how business expenses are claimed. The spotlight during audit reviews centers on Section 43B(h) of the Income Tax Act. This provision links expense deductions directly to timely vendor payments made to Micro and Small Enterprises (MSEs). If […]
Navigating annual financial verification in India often leaves business owners asking a fundamental question: if our company already completes an annual statutory audit, why do we need a separate tax audit? For founders, enterprise CFOs, and finance teams operating across key commercial hubs like Cyber City, Golf Course Extension, and Udyog Vihar, understanding this distinction […]
If you have been stressing over pending ROC filings or delayed annual returns for your company, here is some news you will want to read carefully. The Ministry of Corporate Affairs (MCA) has officially pushed back the deadline for the CCFS Scheme 2026 (Companies Compliance Facilitation Scheme 2026). Instead of scrambling to meet tight cutoff dates, business owners now have until 15th September 2026 to get their records clean and up to date without paying massive penalty fees.
Good news for all now the last date for filling your GST returns have been extended to 28th Feb from 31st December. As per the report The Central Board of Indirect Taxes and Customs (CBIC) extends the final date of filling the (GST) return for the fiscal 2020-21. The Tweet by CBIC stated that; “The […]
The last date for updating the Income-tax form with Unique Document Identification numbers (UDINs) on the e-filling portals has been extended to 31st January 2022 by The Central Board of Direct Taxes (CBDT). CBDT issued a press release on 26th November, 2021 that stated on making it mandatory to provide the Unique Identification Number (UDIN) […]
The Ministry of Corporate Affairs (MCA), taking into account the many difficulties faced due to second wave of Covid-19 and consequent lockdowns in the country extended the due date for conducting the Annual General Meeting (AGM) by the companies. As per Section 96 of the companies Act, 2013 every company should hold at least one […]