Notifications / Circulars
07/04/2026
Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs)
03/04/2026
India–Japan MoU on Tax Collection Assistance Notified; Effective from July 8, 2025
CBIC Amends Customs Valuation Notification under Section 14
02/04/2026
Memorandum of Instructions governing money changing activities – Location of Forex Counters in International Airports in India
PAN Correction Filing Rules Introduced under Income-tax Act, 2025
13/2026-Customs-Seeks to exempt AIDC on certain commodities
12/2026-Customs-Seeks to exempt BCD on certain commodities
Assessment Rules for SEZ Goods Cleared to DTA
Customs Notification 34/2026: Key Changes in Courier Regulations
Risk Management and Inter-Bank Dealings (Revised)
Master Direction – Facility for Exchange of Notes and Coins
Master Direction on Counterfeit Notes – Detection, Reporting and Monitoring
Master Direction on Incentives for Currency Distribution and Exchange and Penalties / Penal Provisions for Bank Branches and Currency Chests for Deficiency in Rendering Customer Service and Reporting of Transactions / Balances
Overseas Investment – Submission of References to the Reserve Bank
01/04/2026
Reporting under Foreign Exchange Management Act, 1999 – Returns pertaining to Foreign Exchange Management (Guarantees) Regulations, 2026
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Listing of 01 Entry
Formation of new district in the State of Goa – Assignment of Lead Bank Responsibility
Reserve Bank of India (Trade Relief Measures) Directions, 2026
Income Tax Circular - Referencing by Document Identification Number (DIN)
31/03/2026
Reserve Bank of India (Small Finance Banks – Financial Statements: Presentation and Disclosures) – Second Amendment Directions, 2026 (Revised)
Reserve Bank of India (Small Finance Banks - Prudential Norms on Capital Adequacy) Second Amendment Directions, 2026 (Revised)
Reserve Bank of India (Small Finance Banks - Concentration Risk Management) Amendment Directions, 2026 - (Revised)
Reserve Bank of India (Small Finance Banks – Credit Facilities) Amendment Directions, 2026 (Revised)
Reserve Bank of India (Commercial Banks – Undertaking of Financial Services) – Amendment Directions, 2026 (Revised)
Reserve Bank of India (Commercial Banks – Financial Statements: Presentation and Disclosures) – Third Amendment Directions, 2026 (Revised)
Reserve Bank of India (Commercial Banks - Prudential Norms on Capital Adequacy) Second Amendment Directions, 2026 (Revised)
Reserve Bank of India (Commercial Banks - Concentration Risk Management) Amendment Directions, 2026 (Revised)
Reserve Bank of India (Commercial Banks – Credit Facilities) Amendment Directions, 2026 (Revised)
Reporting under Foreign Exchange Management Act, 1999 – Returns pertaining to External Commercial Borrowing (ECB)

About Us

We strive to develop and earn our client's trust through a practice that is both dedicated to our client's needs and driven by expertise. We realize no two businesses are the same. So whether your business is a start-up or a multi-national, we can help you achieve your goals.

We proactively innovate and evolve our portfolio of services (that include Audit & Assurance, Risk Advisory, Tax Advisory, Corporate Finance Advisory, Global Knowledge) to address critical challenges that are likely to be faced by businesses. At our bedrock of values is the compass by which we orient operations on every platform - from management to dealings with our clients to our brand of service.

Our Core Values

We define ourselves proudly by the following core values:

Honesty & Integrity
One cannot exist without the other. If a relationship must flourish, it must be based on the values we hold sacred. Values such as trust, reliability and transparency.

Taking Personal Responsibility
Respect and a sense of equality drive our internal environment. We inculcate a strong sense of responsibility to our clients, our colleagues and our firm.

Strong and Personal Client Relationships
Our client relationships are more than just business partnerships. We endeavour to understand the person as well their business and to build a longstanding relationship based on mutual respect and trust.

Mutual Support
We treat each other with consideration and respect, and uphold a culture of sharing and consultation.

Commitment to Quality
At N. P. Dharamshi & Co. we are committed to achieve and exceed client expectations through flawless professional services provided by a team of highly motivated and competent personnel.We constantly understand the needs of our client. We believe that the satisfaction of each need involves a tailor made solution of flawless processes, technology and above all, innovation.

We endeavour to understand our clients' business and ultimately assist them to achieve their goals with our professional contribution.

We uphold, at all times, the high standards professional ethics that our clients' deserve of us; we ensure regulatory compliance and commit to comply with and better the effectiveness of Quality Management Systems.

We employ and retain the best talent and inculcate in all our core values of professional ethics and mutual respect; we empower them through our Knowledge Management Initiatives.