Income Tax Scrutiny Section 143(2): Response Strategy & Documentation 📌 Quick Answer Section 143(2) notice is the Income Tax Department’s formal intimation that your return has been selected for scrutiny assessment. Selection happens through CASS (Computer Aided Scrutiny Selection) based on risk parameters. At Virtual Auditor, we handle the complete scrutiny cycle — from notice […]
Category Archives: FDI Reporting
FDI Reporting
ECB Compliance: RBI Framework, Pricing, Hedging & Reporting 📌 Quick Answer External Commercial Borrowings (ECB) under RBI’s Master Direction allow Indian companies to borrow from foreign lenders subject to end-use restrictions, all-in-cost ceilings, minimum average maturity, and reporting through Form ECB-2 on the RBI’s FIRMS portal. At Virtual Auditor, we provide end-to-end ECB compliance — […]
Annual Compliance Calendar for Private Limited Companies (2026-27) 📌 Quick Answer Every private limited company registered under the Companies Act, 2013 must complete mandatory annual filings with ROC, Income Tax, GST, and other regulators. Missing deadlines triggers penalties starting from ₹100/day for ROC filings and interest at 1%/month for tax filings. This calendar covers every […]
Forensic Audit for Corporate Fraud in India: CFE Methodology & Legal Framework 📌 Quick Answer Forensic audit applies CFE (Certified Fraud Examiner) investigation methodology to detect financial fraud, embezzlement, and misrepresentation in Indian companies. At Virtual Auditor, forensic engagements are led by CA V. Viswanathan (FCA, CFE, IBBI/RV/03/2019/12333) using data analytics, Benford’s Law testing, and […]
Insurance Fraud Investigation: Techniques, Red Flags & IRDAI Framework Quick Answer: Insurance fraud in India is a pervasive problem spanning life, health, motor, fire, and marine insurance segments. It is regulated under the Insurance Act, 1938, the Insurance Regulatory and Development Authority of India (IRDAI) guidelines, and the Indian Penal Code (now Bharatiya Nyaya Sanhita). […]
First Year Startup Compliance: Complete Month-by-Month Checklist for Indian Startups Quick Answer: What Compliances Must a New Indian Startup Complete in Year One? Every newly incorporated private limited company in India must complete the following critical compliances in its first year: (1) Within 30 days of incorporation — open a bank account and deposit subscription […]
Convertible Notes & SAFE in India: Legal Framework, FEMA Compliance & Structuring Guide Quick Answer: Are Convertible Notes and SAFEs Legally Valid in India? Yes, convertible notes are explicitly recognised under Indian law. The Companies Act, 2013 (Section 71 read with Rule 18 of the Companies (Share Capital and Debentures) Rules, 2014) permits the issuance […]
FDI Reporting, Incorporation of company, RBI COMPLAINCE, Valuation
FEMA Valuation: FDI Share Pricing, ODI Compliance & Non-Resident Share Transfers
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Mar
Mar
FEMA Valuation: FDI Share Pricing, ODI Compliance & Non-Resident Share Transfers 📌 Quick Answer: What Is FEMA Valuation? FEMA valuation is the process of determining the fair market value of shares or securities in any transaction involving a non-resident under India’s Foreign Exchange Management Act, 1999. It governs three critical scenarios: (1) pricing of shares […]
FDI Reporting
Annual Return (FLA return) on Foreign Liabilities and Assets of Foreign Investments (FDI) FORM FLAIR
10
Jun
Jun
Annual Return (FLA return) on Foreign Liabilities and Assets of Foreign Investments (FDI) under the FEMA Act 1999. RBI vide notification no- RBI/2010-11/427 A.P. (DIR Series) Circular No. 45 is introduced the concept of Foreign Assets & Liabilities Return which is an annual return of all investments made by the company during a financial year, Which has […]
01
Sep
Sep
How to comply with Single Master Form (SMF) for reporting of FDI ( Foreign Direct Investment) issued by All new filings for FC-GPR , FC-TRS , LLP-I , LLP-II and CN will be in SMF W.E.F September 01, 2018. FC-GPR AND FC-TRS SHALL NOT BE FILED ON EBIZ. Received (FDI) Foreign Direct Investments? If the answer is […]