RBI extends timeline for finalization of audited accounts by NBFC
In view of the on-going situation and taking in to account the feedback received from various stakeholders, RBI has decided that every applicable NBFC shall finalise its balance sheet within a period of 3 months from the date to which it pertains or any date as notified by SEBI for submission of financial results by listed entities.
As per RBI guidelines, every applicable NBFC is required to finalise its balance sheet within a period of 3 months from the date to which it pertains.
- CBDT extends due date of tax audit for FY 2025-26 to 21st October 2026
- Denying accumulation of u/s 11(2) merely on grounds of delay in filing Form No. 10 is unsustainable
- Engagement of 05 Young Professionals CAs at Central Registrar of Cooperative Society
- AO can’t take two different stands on immunity u/s 270AA(2) for a same transaction
- ITAT held 2000 gram jewellery reasonable in view of customary practices & CBDT Instruction
