India’s Tax & Advisory Industry Is More Than Just the Big 4 When people discuss careers in taxation, audit, and advisory, the focus often remains on the Big 4 firms.… Read More
GST treatment of Corporate Guarantees Between related party summarizes an important Gujarat High Court judgment in Torrent Investment Pvt. Ltd. v. Union of India (R/SCA/12175/2024) regarding the GST treatment of… Read More
FAST-DS 2026: Foreign Assets Disclosure Scheme for Small Taxpayers – Key Highlights The CBDT has introduced FAST-DS 2026 (Foreign Assets of Small Taxpayers Disclosure Scheme), a one-time voluntary disclosure opportunity… Read More
Private Placement vs Preferential Allotment: Detailed Explanation In this blog we compare Private Placement (Section 42) and Preferential Allotment (Section 62(1)(c)) under the Companies Act, 2013, along with applicable SEBI… Read More
GST Credit Note vs Debit Note: Complete Guide to Meaning, Accounting Entries, ITC Impact & GST Compliance 🔹 Credit Note Issued when the taxable value or goods and services tax… Read More
IFRS vs Ind AS vs US GAAP: A Simple Comparison Every Finance Professional Should Know Financial reporting standards may appear similar at first glance, but the philosophy behind them and… Read More
ICAI Guidance on Auditors Examining VDA Transactions The ICAI Exposure Draft expects auditors to examine VDA transactions through existing Form 3CD clauses and proposed VDA-specific disclosures. The objective is to… Read More
ICAI Exposure Draft (9 July 2026) on Tax Audit Guidance Note The ICAI Direct Taxes Committee has released an exposure draft proposing revisions to the Guidance Note on Tax Audit… Read More
Overview on Amendments to the IBBI Liquidation Regulations (2026) The document proposes major changes to India's liquidation framework under the Insolvency and Bankruptcy Code (IBC) following the Insolvency and Bankruptcy… Read More
India has consistently maintained that the power to enact laws rests exclusively with its Parliament, acting within the framework of the Constitution and guided by the country’s democratic processes. As… Read More