Insolvency Code Updates

The Insolvency and Bankruptcy Code, 2016, is a complex law that requires a deep understanding of its various sections. *Key aspects* include corporate insolvency resolution and the process for striking off a Section 8 company. Some important points to note are:
- AOC-4 and MGT-7 filings are crucial for companies to avoid penalties
- The TCS return due date for the tax year 2026-27 has been announced, with a new deadline for salaried individuals,
- Striking off a Section 8 company is a complex process that requires careful consideration.
The new deadline for the TCS return is an important update for companies and individuals to be aware of, to ensure compliance and avoid any penalties.