RSM India

COVID-19

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Changing Role and Responsibility of CFOs – A Checklist

30 October 2020
Changing Role and Responsibility of CFOs – A Checklist Covid-19 and the impact on businesses has increased the responsibilities of CFOs manifold due to the heightened risk of corporate failures, defaults in meeting financial and statutory obligations and litigation.

Reviving Indian Economy - Bold Tax Measures Required

14 October 2020
Reviving Indian Economy - Bold Tax Measures Required   The government has acted decisively to counter both Covid 19 crisis and protecting national sovereignty but needs to act similarly on the economic front. In this backdrop, what should be India’s response?

Get ready to claim capital losses

26 June 2020
Get ready to claim capital losses Dr. Suresh Surana, Founder, RSM India explains how investors can claim their capital losses while filing their returns, in Buisness Standard, today, 27 March 2020.

Research Paper: Key Financial Reporting Implications of COVID-19 and Possible Approaches

14 April 2020
The Coronavirus (COVID-19) has been rightly described as an unprecedented Human, Economic and Financial Crisis facing the world. This pandemic has resulted in widespread economic uncertainty and disruption of businesses. COVID-19 has and will have far reaching implications on financial reporting.

Newsflash - Clarification on Extended GST Tax Timelines due to Covid-19

14 April 2020
The Central Board of Indirect Taxes and Customs has issued a circular, clarifying certain issues with respect to last dates for compliances under GST law. The highlights are as under:

Newsflash - CBDT Orders us 119 and Related Clarifications issued on 31 March, 3 April and 9 APril 2020 on Issuance of Lower NIL RATE TDS TCS Certificates

14 April 2020
The The CBDT has released a series of order under Section 119 and clarification with respect to ambiguity surrounding the issue of Lower Rate / Nil Rate certificates for Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) under the provisions contained in Section 195, 197 and 206C(9) for FY 2020-21 & FY 2019-20.

Newsflash on Notified Relief Measures under GST due to Covid-19

8 April 2020
The Government has issued various notifications, giving effect to relief measures recommended by Ministry of Finance vide Press Release dated 24th March 2020 in response to spread of COVID-19. The highlights as under:

Newsflash on Clarification related to GST refund

8 April 2020
The Central Board of Indirect Taxes and Customs (‘CBIC’) has issued a circular clarifying various GST refund related issues and the highlights of the same is as under:

Newsflash on Statutory and Regulatory Compliances -Relief Measures on account of COVID-19

27 March 2020
The Union Finance & Corporate Affairs Minister Smt. Niramla Sitharaman announced several important relief measures taken by the Government of India in view of COVID-19 outbreak, especially on statutory and regulatory compliance matters related to several sectors.