Tax & Accounting

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  August 25, 2020 by India Briefing Reading Time: 2 minutes
  

  Tax Scrutiny in India to Go ‘Faceless’: What Does it Mean?

  Tax scrutiny is set to change in India as the assessment process will no longer be jurisdiction based in most cases.
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  July 30, 2020 by India Briefing Reading Time: 4 minutes
  

  India Extends Key Tax Deadlines Again for Businesses in 2020 due to COVID-19

  India is extending dates for filing income tax returns and GST compliance procedures among measures to ease burden on businesses and entrepreneurs.
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  July 3, 2020 by India Briefing Reading Time: 3 minutes
  

  How India Defines MSMEs: New Eligibility Rules Come into Effect

  India notified new investment and turnover criteria for enterprises to classify under the category of micro, small and medium enterprises (MSMEs).
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  March 20, 2020 by India Briefing Reading Time: 2 minutes
  

  Businesses in India May Have to Reflect COVID-19 Impact in Accounts, Say Auditors

  Auditors say firms in India may have to reflect the impact of COVID-19 related disruptions on their business operations in financial statements.
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  March 19, 2020 by India Briefing Reading Time: 2 minutes
  

  India Considers Easing Tax Rules, Loan Repayment amid COVID-19

  India is considering tax breaks and easier loan repayment options for SMEs amid the coronavirus (COVID-19) outbreak.
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  March 6, 2020 by India Briefing Reading Time: 3 minutes
  

  India Wants to Reduce Tax Litigation with New Direct Tax Bill

  India’s lower house of parliament passed the direct tax bill, which aims to reduce tax litigation and settle ongoing tax disputes.
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  February 19, 2020 by India Briefing Reading Time: 2 minutes
  

  Statutory Audit for Companies in India: Frequently Asked Questions

  All public and private companies and certain LLPs are required to undergo a statutory audit. In this article we answer some frequently asked questions.
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  February 14, 2020 by India Briefing Reading Time: 3 minutes
  

  Tax Audit for Companies in India: Frequently Asked Questions

  A tax audit is mandatory in India for individuals and companies – if their turnover or gross receipts exceeds a specified threshold.