Regulatory Intelligence

Test

Test

Test summary

RBI has tightened the reporting window for Form FC-GPR equivalent filings for LLPs receiving foreign capital contribution. Relevant only if an LLP client has NRI/foreign partners.

CBDT has extended the tax audit report due date for certain categories of assessees. Verify on incometaxindia.gov.in whether your specific audit-case clients qualify for the extension before assuming a new date.

MCA has revised the XBRL taxonomy for AOC-4 filings for FY 2025-26 onward, adding new related-party disclosure tags. All private and public limited company clients filing AOC-4 this AGM cycle need the updated taxonomy before filing.

CBIC clarifies that the time limit under Section 16(4) for claiming input tax credit on reverse-charge supplies runs from the date of the recipient's self-invoice, not the original supply date. Affects any registered client that has RCM transactions (e.g. GTA services, import of services).