KHANNA & ANNADHANAM

   Chartered Accountants

 
 
     
   
 

 

                                                                                                                                                   

 

 

About Us 

   

KHANNA & ANNADHANAM

 

Based in New Delhi, Khanna & Annadhanam is one of the leading firms of Chartered Accountants in India.

 

The firm was founded in 1952 and has grown to its present position through the excellence of its professional services and the success of its clients.

 

We offer our distinctive skills to varied type of charities and other professional firms. A distinctive speciality is in servicing businesses based outside India which wish to establish a presence here. Our broad range of clients operating throughout India gives us practical experience of the widest range of financial, accounting and tax issues and solid, practically based expertise.

 

The firm was a member of Deloitte Touche Tohmatsu International, one of the big six accounting firms for many years. Not to loose its identity and independence, the firm in November, 1995 due to DTTI’s merger problems in India, decided to withdraw from DTTI membership.

  

 

 

 

 

 

 

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What's New
16/10/2018
Multi Vehicle Option for e-Way bill
FAQs on Financial Services Sector.
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Govt, RBI may not extend deadline for firms to store payments details locally
15/10/2018
SMS for Week ended 14-10-2018
Reserve Bank sticks to October 15 deadline for data localisation
RBI’s Record Dollar Sale: $34 b in 5 Months
13/10/2018
CPI inflation rises to 3.77% in Sept
Sensex rallies most in 19months, Nifty closes above 10,450 points
12/10/2018
RBI firm on data localisation; 80% of firms to comply by Oct 15 deadline
Some GST-laden Banks Up Charges on Remittances
11/10/2018
Sebi restrains broker from liquidating DHFL shares after Rs 2-bn default
10/10/2018
No Centre-State Wall: Officials Handling GST Can Assess All
Sebi allows foreign entities in commodity derivatives market
Rate cut must be passed on for each packet size, says GST authority
09/10/2018
IMF retains economic growth projection for India at 7.3% for FY19
Rupee pares gains, slips back to 74 levels
Sovereign Gold Bonds 2018-19 series-II issue opens on October 15
Higher LTCG Tax for Those Betting on Mergers
'Examine if rate cut benefits reach consumers'
08/10/2018
The political message from RBI’s consumer confidence survey
IPOs, FPOs, ESoPs exempted from STT for availing of concessional 10% LTCG
SMS for Week ended 07-10-2018
Aadhaar enrolment, update services by banks, post offices to stay: UIDAI
06/10/2018
RBI proposes new FPI norms in bid to attract long-term investments
RBI policy, rupee spook market; Sensex down nearly 800 points (Roundup)
RBI floats paper for FPIs to ensure long-term capital in debt market
05/10/2018
Short-term Yields Spike, All Eyes on RBI
Ahead of monetary policy, RBI steps in with heavy dollar intervention
04/10/2018
RBI Moves to Stabilise Rupee, Allows Oil Cos to Raise Up to $10 b Overseas
03/10/2018
Govt mulls 100% FDI in insurance broking; insurers' cap to stay at 49%
Festive season likely to drive GST collections past Rs 1 trillion in Nov
01/10/2018
Govt plans to bring in stricter disclosure norms for independent directors
Want better returns? Invest for long term in stocks, says EPFO panel
SMS for Week ended 30-09-2018
Sector Regulators Must Guide Cos Post SC’s Aadhaar Verdict, Says UIDAI CEO
SBI Halves Daily ATM Cash Withdrawal Limit to ? 20,000
29/09/2018
GST Council Takes Up Missing Collection Target Every Month
Govt sets up panel on GST ‘disaster levy’ mechanism
Govt may miss GST collection targets for this fiscal, hints FM
28/09/2018
State Authorities Told to Check if Cos Passing on GST Cut Benefits
27/09/2018
Sebi issues show-cause notices to 300 brokerages in NSEL case
GST Network to be a State-owned Co
26/09/2018
RBI Report Twice said IL&FS Fin’s Net-owned Funds were Wiped Out
25/09/2018
Sebi examines market slump for irregularities
Govt extends deadline for filing I-T returns, audit report till October 15
Sebi Tells Rating Agencies to Track Bond Spreads
24/09/2018
RBI, Sebi join hands to calm volatile markets
Sebi move to curb mis-selling in mutual funds
SMS for Week ended 23-09-2018
22/09/2018
Sebi allows NRIs, resident Indians, OCIs to invest in India via FPI route
GSTN: MINISTERIAL COMMITTEE UNDER BIHAR DEPUTY CM TO MEET TODAY
Relief for FPIs as Sebi eases know-your-client guidelines
21/09/2018
Petroleum products may not be brought under GST soon
Temporary disaster cess on agenda of GST Council’s meeting next week: Thomas Isaac
Centre hikes PPF, NSC rates by 40 bps to catch up with tightening liquidity
20/09/2018
Reserve Bank eases overseas fundraising norms to prop up the rupee
Sebi announces changes to the composition of credit rating agencies
Revenue shortfall may limit the scope of GST rate cuts
In cheer for homebuyers, anti-profiteering body asks Pyramid Infratech to pass on GST benefits
Foreign Ecomm Cos Rush to Register for GST in All States
19/09/2018
Sebi makes investing in mutual funds cheaper, caps expense ratio at 1.05%
More agents of foreign companies to approach courts against 18% IGST
Foreign companies get Sebi nod to hedge in commodity derivatives
18/09/2018
KYC norms: Directors protest disqualification, seek time to finish process
Overseas investors buying rupee bonds will get tax exemption on interest income: CBDT
17/09/2018
SMS for Week ended 16-09-2018
KYC non-compliance: Govt deactivates ID numbers of 2.1 million directors
Rupee Likely to be on a Roller-Coaster Ride This Year
Economists say Govt Steps will Lift Sentiment
15/09/2018
How RBI dealt with the crisis amid tensions with FinMin
Foreign exchange reserves fall below $400 billion as RBI intervenes
14/09/2018
RBI Tracks KYC Status of Users of Mobile Wallets
Sebi Move to Hurt Small PMS Players
Sebi to Discuss Stricter Norms for Fiduciaries
Now, firms no longer need govt approval to hike top executives' salary
13/09/2018
Retail inflation dips, but may not stop rate hike
12/09/2018
Amidst falling rupee, RBI adds another 6.8 tonnes of gold to forex reserves
White Goods Cos Not Passing on GST Benefits Come Under Lens
Co-location case: Sebi directs senior NSE officials to stay 'out of action'
11/09/2018
Govt waives off late fee on GST returns
Sebi mulls allowing NRIs through FPI route after meeting specific KYC norms
Beneficial ownership norms to hit global PEs due to 'disclosure' rule
10/09/2018
SMS for Week ended 09-09-2018
Petrol, Diesel Prices Touch Record Highs
What a widening CAD portends for the economy
Interest earned from PPF and Sukanya Samriddhi Account are exempt from tax
GST: Final chance to claim credit for 2017-18, fix errors this month
07/09/2018
Rupee breaches 72 mark against dollar for the first time; RBI intervenes
06/09/2018
FinMin simplifies GST refund claim process for businesses
Market regulator Sebi mulls diluting controversial FPI KYC norms: Sources
05/09/2018
GST Authorities Get Their Act Together to Plug Gaps
NAS Advisory Panel to Review GDP Back Series
Seeks to make amendments (Eighth Amendment, 2018) to the CGST Rules, 2017
04/09/2018
RBI wants states to invest in sinking and guarantee funds mandatorily
FPIs ring alarm bells on Sebi ownership notice; USD 75 bn assets could be hit
10-year bond yield touches 8%, rupee falls to 71.18 against dollar
Govt finalises liberal farm policy to push agri exports
03/09/2018
SMS for Week ended 02-09-2018
Direct tax collections grow at 6.6% and corporation tax barely 1%
RBI Buys Gold for 1st Time in Nearly a Decade
‘Missing’ Service Tax Credit in GST Law Worries Cos
01/09/2018
India's fiscal deficit reaches at 86.5% of FY19 budget target in April-July
Eight core sector growth sees a slight bump, dips to 6.6% in July
RBI skips meet on stressed power assets; SBI, PNB seek time for resolution
Private banks lead deposit mobilisation and credit growth, says RBI
31/08/2018
Govt seeks higher TDS collection in efforts to widen direct tax base
Sebi Planning to Start PMS on Commexes
30/08/2018
Report blames Reserve Bank of India for bad loans
RBI may Soon Do Away with MCLR
RBI Panel to Study Feasibility of Digital Currency
29/08/2018
Govt to Vet GST, Income Tax and Transfer Pricing Filings to Find Leakage
RBI sets 180-day timeline for banks to resolve bad loans, avoid insolvency reference
Technical glitches continue to haunt the Goods and Services Tax Network
28/08/2018
GST Council cuts rate on 100 items; simplifies return filing
NAA starts consumer helpline to register GST profiteering complaints
27/08/2018
SMS for Week ended 26-08-2018
Sebi Plans ‘On Tap’ Bond Market
New RBI Unit to Track Blockchain and AI EXPLORING NEW AREAS
25/08/2018
Slash GST rate, bring down import duty on gold from 10%: Niti Aayog to Govt
Sebi extends trading hours for SLB segment by over 2 hours till 5 pm
24/08/2018
Sebi warns mutual funds: Evaluate your investments, don’t just rely on ratings
Arun Jaitley resumes charge of finance and corporate affairs ministries
23/08/2018
Govt may soon impose IGST on ex-factory sales; decision in September
Freebies may be Freed of GST Payment Burden
Sebi says No to Launch of Futures in ‘Sensitive’ Petrol, Diesel
22/08/2018
Sebi deadline for FPIs to give list of beneficial owners extended till Dec
Credit Bureaus may soon be allowed access to data from utility providers
I-T department issues 19.6 mn new PAN cards in Jan-Mar 2018 quarter
Government extends deadline for filing July GSTR-3B till Aug 24
Govt admits rupee, crude prices will impact current account deficit
Rising trade deficit bigger cause for concern than a falling rupee: NITI
RBI Asks Rating Firms to Scan Cos’ Bank Details
As Ministries Argue, Draft Ecomm Policy Lands with PMO
Fiscal Deficit Target to be Met: Finmin Official
21/08/2018
Logistics, Warehousing Leases Up 45% in H1 of ’18
‘Sebi’s Rejig of MF Schemes Triggered Small Cap Rout’
Ind AS for NBFCs – Not Just an Accounting Challenge
RBI Changes its Stance on Rupee Swings
RBI Staff Threaten 2-day Strike
Enact new law to enable public credit registry, says RBI’s Acharya
INTER-CREDITOR AGREEMENT: SOME PRIVATE SECTOR AND FOREIGN BANKS SEE RED
India’s GDP rose fourfold in 1993-2012, while wages only doubled: ILO
EPFO revises down payroll numbers by 12% for September-May period
20/08/2018
GST Cut Gives a Boost to Consumption Stocks
18/08/2018
I-T defers inclusion of GST, GAAR in audits
NAA plans to knock on factory gates to enforce GST rate cuts
RBI: MSME credit growth worsened after note ban
GST officers to ensure companies pass on benefits to the consumers
Sebi mulls use of covered calls for mutual funds as part of equity strategy
Order under section 119 of the Income-tax Act, 1961
17/08/2018
Sebi reduces listing time for public issue of debt securities to six days
HC seeks CBDT reply to brokers’ petition against NSE, regulator
GDP likely to grow at a healthy 7.5% in first quarter, say economists
MPC minutes of RBI: Inflation fears, driven by oil prices, led to rate hike
16/08/2018
Sebi sets eyes on commodity index derivatives, works on guidelines
15/08/2018
GST benefits prompt firms to absorb unlisted units
Sebi panel suggests confidentiality clause in settlement mechanism
14/08/2018
RBI Lens on 200 Bad-Loan A/cs
Sebi Panel Suggests Consent Route to Settle Violations
Changes in I-T returns’ e-versions irk taxpayers
Rupee crashes to all-time low of 69.92 against dollar on Turkish Lira shock
India's retail inflation drops to a nine-month low of 4.2% in July
Relief for solar panel importers with provisional stay on safeguard duty
IBC process: 137 firms set for liquidation, but buyer interest is muted
Private firms must disclose compliance in annual report: Govt
GST-led shift from informal to formal sector happening, but at a snail’s pace
Bombay HC directs CBDT to reply on STT on physically-settled derivatives
Retail Inflation Hits 9-Mth Low of 4.17% in July
Inter-State Office Services to Attract GST
13/08/2018
SMS for Week ended 12-08-2018
Sebi Plans to Cap Investors’ Equity Exposure in Line with Net Worth
FinMin unlikely to heed RBI’s demand for greater power over state-run banks
10/08/2018
Sebi should seek power to tap phone calls: Panel on fair market conduct
GST to be slashed on more items if revenue increases, says Piyush Goyal
Exporters approach various courts over restrictions under GST regime
RBI should focus on streamlining credit pricing, monetary transmission: IMF
Mere Deposit of Goods to Custodian not Liable for GST: AAR
RBI Maintains Its Stand on Resolution of Stressed Assets
09/08/2018
Govt gets fiscal deficit cushion, RBI to pay Rs 500-bn dividend for FY18
Govt to Wheel in a New Industrial Policy Soon
NSE to Seek Sebi Nod to Resolve Co-location Case
Silver Losing Charm as Foreign Buyers Keep off
Panel Suggests Higher Threshold for NCLT Cases
Sebi set to tackle cyber security breaches, deploy data analytics
08/08/2018
Modi govt raises import duties on 328 textile products by up to 20%
Modi govt introduces four Bills in the Lok Sabha to simplify GST returns
Expect Swiss bank accounts details of Indians in 10 days, Goyal tells RS
'Aadhaar disclosure doesn't increase vulnerability'
Over 200,000 'non-filers' filed ITR in FY18, paid Rs 64-bn tax: Govt
Foreign portfolio investors raise red flag on KYC rules over privacy
07/08/2018
LoUs should be restored at earliest with safeguards: Par Panel to RBI
Govt extends e-visa facility for citizens of 165 nations to promote tourism
Auto components industry seeks 18% GST on all products
Govt to Hold Talks with RBI to Leave More Capital with Banks
The increasing pressure on GST revenue collections and its fallout
06/08/2018
Fixed deposit interest rates hiked but debt mutual funds still better
Creation of Bank NPAs may Have Peaked, says Cibil
Govt may Ask RBI to Relax Resolution Plan Deadline for Power Cos
RBI industrial outlook survey shows fall in biz expectations for manufacturing sector
Govt may hike import duty on 300 textile products to boost manufacturing
Debt resolution process: Rising litigation mars success of IBC
PM Modi to launch India Post Payments Bank on August 21
MFs rapped over steep commissions
UIDAI slams Aadhaar 'fear-mongering', says helpline number can't steal data
SMS for Week ended 05-08-2018
04/08/2018
Services sector grows fastest since October 2016 to 54.2 in July: PMI
RBI rate hikes likely to cause bump in small savings interest rates
IGST cut: Why industry's pitch for import duty hike may be misplaced
Sebi probing allegations of fraud, irregularities at MSEI: Minister to LS
Home loan EMIs set to rise, but don’t rush for prepayment
Off-season hotel room rates may drop after GST changes
03/08/2018
News digest: GST e-payment, stock markets, RBI policy move, and more
RBI adds gold to forex reserves in June quarter, buys 2.5 tonnes in March
One-time Settlement of VAT, Excise Disputes in the Works
Tax bonanza likely for small-scale units
02/08/2018
RBI Puts a Stop to Fino Payments Bank’s Account Opening Operations
Manufacturing Activity Eases in July, PMI at 52.3
Cos Allowed to Exploit All Hydrocarbon Forms in a Field
RBI Raises Rate, Keeps Policy Stance Neutral
UPI Transactions Fall 4% on Round Tripping Curbs
GST collections surge in July, miss Rs 1-trn target for third time in FY19
01/08/2018
Q1 Fiscal Deficit at 68.7% of 2018-19 Budgeted Target
LS Passes IBC Second Amendment Bill 2018
GST tax structure should move towards lower rate brackets
Sebi to empanel auditors to conduct forensic audits of listed companies
31/07/2018
Govt releases draft of new, simpler GST return forms
GST rate cuts will weigh on fiscal consolidation road map: Moody’s
RBI interest rate setting panel starts 3-day meet
Govt unveils draft GST returns forms, seeks public comments
30/07/2018
Govt releases draft on Simplified gst returns
SMS for Week ended 28-07-2018
GST impact: Sanitary napkin to TV makers, list of unhappy firms is growing
RBI Likely to Go for 25bps Interest Rate Hike as Inflation Risks Mount
MNCs cite vague reasons for not passing on GST rate cut benefits
28/07/2018
AAR of Maharashtra rules out GST refund for post-sales discounts
Jaitley sees GST rate cut on cement, ACs, TVs with rise in revenue
India moves closer to first data privacy law
Draft bill provisions may impact RTI Act
27/07/2018
Sebi may Allow Promoters of Delisted Cos’ to Make a Counter Offer
PF Subscribers may Get Choice of Investments
New GST Appellate Tribunal Soon
CBIC to Take Up Import Duty Hike Demands
Feedback Invited for New GST Return Form
Final Draft on Data Privacy Law May be Submitted Today
Relief ! Govt extends income tax return filing deadline till August 31
CBDT told to clarify on STT on physical contracts
GST rate cut impact: Govt mulls import duty hike on consumer durables
India betting on GST and IBC to improve ease of doing business rank
26/07/2018
Centre not to hike insurance cover of Rs 100,000 for bank deposits.
ED gets power to impound fleeing economic offenders' property
Sebi mulls UPI-based payments for IPOs to reduce listing period to 3 days
Sebi pulls up mutual fund industry over dividend distribution practice
Appoint GST Council As Art 307 Authority
25/07/2018
Modi govt seeks RBI's views on specific public sector bank mergers
IMF wants India to focus on FDI, cautions against relying on global markets.
RBI has wide-ranging and comprehensive powers to deal with PSBs: Govt
Sebi proposes three-phase process for re-classification of promoters
Indian money in Swiss banks down 80% since 2014, says FM Piyush Goyal
Income Tax department seeks GST and GAAR details in new audit form
Income Tax dept to crack down on TDS defaults
Govt says RBI Has Teeth to Keep Private, Public Banks in Check
24/07/2018
Rising GST collections to help cut tax rates, says FM Piyush Goyal
Free trade agreements find few takers despite India's high export hopes
GST rate cut triggers rally in footwear, paint, consumer durable stocks
GST exemption on warehoused gold a major relief to jewellery exporters
G20 meeting: European finance leaders for global digital tax rules
24 lenders sign an inter-creditor agreement for faster NPA resolutions
Retirement Age for CVs May be Fixed at 20 Years
23/07/2018
SMS for Week ended 21-07-2018
EPFO data: New member enrolment in May highest in last 8 months at 743,608
After big rate cuts by GST Council, only 35 goods left in 28% tax bracket
GST rate cut impact: Synthetic textiles to be 5-7% cheaper from August
Sebi Warns MFs on Excessive Commissions to Distributors
Sebi pushes firms to bond market to deal with bad loan issue
21/07/2018
Amending companies Act: Panel lists 83 offences for decriminalisation
SC: THIRD­PARTY INSURANCE OF 3 YEARS MUST FOR CARS FROM SEPT
Singapore likely to ease regime to allow routing of offshore funds
Transporters strike over e-way bill, high toll collection and diesel prices
PM wins test, hits out at critics
20/07/2018
National GST appellate tribunal on anvil, Council to decide on July 21
Narendra Modi govt pushes anti-graft Bills ahead of trust vote
Won’t Prepare High-Risk List: Sebi to Mauritius
CCI Nod Must Before Lenders Finalise Resolution Plan
RS passes amendments to anti-corruption law
LS approves bill to bring back fugitive economic offenders
19/07/2018
SC wants sealing resumed, developers to be blacklisted
Natural gas, jet fuel not on GST Council agenda for July 21 meet
Govt decides to withdraw contentious FRDI bill
Finance Minister Goyal to meet bankers to discuss ways to boost realty
CBDT directs tax sleuths to survey, inspect high value transactions
LS tables bill to protect small investors from ponzi schemes
18/07/2018
Central Staff Set to Get Yet Another DA Hike
SC calls for new law to fight ‘mobocracy’
Securitisation volumes up 128%, says Icra
Sebi Planning Measures to Ease Delisting Process for Firms
GST Council likely to cut rates on handlooms, sanitary napkins on Saturday
17/07/2018
Wholesale inflation up for 5th straight month in June at 4-yr high of 5.77%
Chinese and Malaysian solar panels face 25% safeguard duty in India
Exporters get Delhi HC relief over integrated goods and services tax
High interest rates, oil prices to eat into India’s growth: IMF
16/07/2018
SMS for Week ended 14-07-2018
GST tweak may see the return of retrospective amendments
Shareholding: More time for PSBs likely
MCA Panel may Offer Penal Relief for Some Offences
FDI in services sector slumps 23% in 2017-18
13/07/2018
Digital payments: Sebi bars stock brokers from accepting cash from clients
Jaitley moots GST Council-like system for agri sector
Bengal to push for GST exemption up to Rs 50 lakh: Mitra
States fail to meet fiscal deficit target on farm loan waivers, GST: RBI
Task force to identify ways to reduce import dependence
12/07/2018
Govt Backs Net Neutrality Framework
Finmin proposes relaxing RBI directive on data storage for payment firms
Replace old vehicles, adopt electric vehicles: NITI Aayog
India in process of framing rules to regulate e-commerce: Paswan
World Bank says India beat France to become sixth largest economy: Report
11/07/2018
Sensex nears life high on earnings boost; RIL, HDFC Bank shares gain
LoU ban forced heavy intervention by RBI in May
Sebi mulls compulsory delivery for metal derivatives contracts
RBI Sold a Record dollar 12 b in May to Salvage Rupee
Banks to Ask Sebi, RBI to Ease Norms for AIFs
RBI extends cut-off for filing master form
10/07/2018
46 GST law amendments likely; employers may get to claim input tax credit
India Inc to post 12.8% revenue growth in Q1; highest in three years
Sebi mulls compulsory delivery for metal derivatives contracts
CRISIL SME Tracker: With RERA, only disciplined builders stand a chance
Private listed companies posted robust sales growth in Q4, says RBI
Decline in coal imports by India's power plants points to distress
09/07/2018
SEBI Spares AIFs Dollar 20m FDI Floor
GST: Ministerial panel favours deferment of sops for digital payments
India's apparel exports fall by 17% in Q1 FY19 due to slowdown in demand
SMS for Week ended 07-07-2018
Tax on liquor production input: AAR puts ball in GST Council's court
up slow pause speed down
Updated Till : 16/10/2018
 
     
   
 
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