As previously reported, India's Finance Act, 2021 (Act No. 13 of 2021) received the assent of the president (was enacted) on 28 March 2021. Further to the measures reported, some important administrative changes have also been made by the Act, including:

• A reduction in the time limit for the issuance of a notification of regular assessment to 9 months from the end of the financial year in whi…