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
Alternative (lower) tax regimes are available to assessees other than individuals/HUFs under the Income Tax Act. What does it mean? The Income Tax Act offers certain companies and co-operative societies… Read More
ITR Filing Assessment Year 2026-27: Due Dates, New ITR Changes, Revised Return Rules & Compliance Guide The due dates for filing of ITRs for various types of assessees are as… Read More
Tax Audit at a Glance: Important Points for Futures & Options Traders Income Tax Treatment of Futures & Options Traders Under the Income Tax Act, Futures & Options Traders on… Read More
Common Misconception of Crypto taxation in India Crypto Futures Contracts A crypto futures contract is a legal agreement between two parties to buy or sell a cryptocurrency at a predetermined… Read More
HRA Exemption under Old Tax Regime: New Rules Effective from 1 April 2026 Salaried Employees & HRA: New Rules Effective from 1 April 2026 The new House Rent Allowance framework,… Read More