News Flash


GSAP News Flash_Sec 206AB 206CCA 20210624

CBDT issued a new functionality for ease of deductors and collectors for doing compliance under sections 206AB and 206CCA. In this News Flash we have discussed this new update. Download

GSAP News Flash_Updation of IEC 17.06.2021

Description: Government amended IEC related provisions and made it compulsory to update online IEC registration related details every year. Download

A new return requirement for companies paying Dividend

Description: As a new requirement, every company paying dividend (interim or final) shall be required to furnish a statement of financial transaction (SFT) in Form 61A on or before the 31st May, immediately following the end of financial year. Download
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Our Publications


GSAP Alert - Income-tax Due Date Extension 11012022

Due dates for filing of income tax return, tax audit report, TP compliance, etc. for FY 2020-21 have been again extended. In this regard please find an Alert prepared by GSAP. Download

GSAP Alert - Income-tax Due date extension 11092021

Due dates for filing of income tax return, tax audit report, TP compliance, etc. have been extended. In this regard please find an Alert prepared by GSAP. Download

GSAP Alert: Retail and Wholesale Trade in MSME 06072021

Government has decided to include retail and wholesale trades as Micro, Small and Medium Enterprises (MSMEs). Now, retail and wholesale traders can register on Udyam Registration Portal. However, benefits to retail and wholesale trade MSMEs are restricted to priority sector lending under RBI guidelines. Download

Our Articles


ICMAI RVO Journal June 2021 (Controversies around valuation of shares under income-tax)- English

With respect to issue of shares by closely held companies' section 56(2)(viib) of the Income-tax Act, 1961 mandates valuation of shares either by DCF method or NAV method.
In this article we have discussed the powers of tax officer to change the method of valuation which has been adopted by companies.
We have further discussed whether under the DCF method the officer has powers to change the projected financials with the actual performance of the company. We have critically analysed these issues in view of plethora of judgements.

Global Minimum Tax: Journey so far and impact on India (Taxmann) 130721

The way Multinational Enterprises (MNEs) operates and manage their taxes is going to change drastically as 131 countries have agreed to levy Global Minimum Tax (GMT) of 15% on MNEs. In this published article we have discussed all about GMT and its possible impacts on India. Download

ICSI Newsletter- April 2021: Governance Professional – Leading the way

A brief note on the role of Corporate Governance in professionalism, its impact and consequences and the impact of the changes made in governance in today's scenario. Download

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