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Knowledge Centre

Notes on law, tax, finance and regulation

Factual, educational commentary from the firm’s professionals. Updated as statutes and standards evolve.

30 articles

Valuation July 15, 2026

The 90% “crash” that wasn’t!

🚨 The 90% "crash" that wasn't! Lord's Mark Industries' listing on BSE on July 10, 2026, looked like a disaster, but it was a…

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Company Law July 15, 2026

Navigating Duplicate DIN Penalties: Insights from a Recent ROC Order

Holding a duplicate Director Identification Number (DIN) is a serious contravention under the Companies Act, 2013, attracting significant penalties. A recent order from the…

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Valuation July 15, 2026

BIG NEWS for Indian Capital Markets

🚨 BIG NEWS for Indian Capital Markets: NSE's IPO is set to be India's largest ever! This isn't just another listing; it's a monumental…

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Valuation July 15, 2026

Cult.fit’s IPO

🚨 Cult.fit's IPO: Is it a tech play or a brick-and-mortar business with an app? I've been looking at Cult.fit's upcoming IPO, and the…

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Income Tax July 15, 2026

Navigating Investment Taxation in India: The Income-tax Act, 2025 Perspective

The new Income-tax Act, 2025, effective from April 1, 2026, for income earned in Tax Year 2026-27 onwards, significantly updates section numbers and clarifies…

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Income Tax July 13, 2026

Navigating Gifts from Your Mother: Avoiding ‘Unexplained Investment’ Scrutiny in India

Receiving a gift from your mother in India is generally exempt from income tax, as a mother is considered a ‘relative’ under Section 56(2)(x)…

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GST July 13, 2026

CBIC Grants Extension Power for Two-Year Limit Under Customs Notification No. 8/2016

The Central Board of Indirect Taxes and Customs (CBIC) has introduced a significant amendment through Notification No. 28/2026-Customs, empowering itself to extend the two-year…

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Company Law July 13, 2026

Navigating Fast Track Mergers: Recent Amendments and Practical Implications for Indian Businesses

The Fast Track Merger framework, governed by Section 233 of the Companies Act, 2013, has recently seen significant amendments in September and December 2025,…

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Income Tax July 13, 2026

AMFI’s Budget 2026-27 Proposals: A CA’s View on Mutual Fund Taxation Reforms

The Association of Mutual Funds in India (AMFI) has put forth a series of significant recommendations for the Union Budget 2026-27, aiming to rationalise…

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GST July 13, 2026

GST Notice Service: Bridging the Gap Between Valid and Effective Communication

Haryana’s recent Instruction No. 02/2026/GST-II marks a significant step in addressing the practical challenges taxpayers face with Goods and Services Tax (GST) notice service.…

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Uncategorized July 13, 2026

CESTAT Allahabad: CENVAT Credit on Cancelled Bookings is an Accrued Right

The recent CESTAT Allahabad ruling in the case of Grace Infraventures Private Limited clarifies that CENVAT credit arising from excess service tax paid on…

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Income Tax July 13, 2026

Navigating Chapter VIII Deductions: Understanding the Income-tax Act, 2025 Reorganisation

The Income-tax Act, 2025, effective from April 1, 2026, introduces a significant reorganisation of deduction provisions previously found in Chapter VI-A of the Income-tax…

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Income Tax July 13, 2026

Global Financial Information in AIS: Understanding the New AEOI Integration Under Income Tax Act, 2025

The Central Board of Direct Taxes (CBDT) has mandated the integration of global financial information, received through Automatic Exchange of Information (AEOI) agreements, into…

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Income Tax July 13, 2026

Navigating TDS on Rent: Understanding Section 194-IB and the New 2% Rate

The landscape of Tax Deducted at Source (TDS) on rent payments has seen a significant update, particularly with the reduction of the TDS rate…

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GST July 12, 2026

Navigating IGST Refund Rejections: Understanding the Invalidity of Circular 37/2018

A recent judicial precedent from the Madras High Court has provided significant clarity for businesses facing Integrated Goods and Services Tax (IGST) refund rejections.…

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Income Tax July 11, 2026

TDS Exemption for Payments to IFSC Units: What You Need to Know

The Central Board of Direct Taxes (CBDT) has introduced a significant exemption from Tax Deduction at Source (TDS) for specific payments made to eligible…

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Income Tax July 11, 2026

RoDTEP Benefits for Restricted Exports: A Clarification from the Bombay High Court

The Bombay High Court, in the case of Rika Global Impex Limited v. Union of India and Ors., has clarified that RoDTEP benefits cannot…

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Company Law July 11, 2026

CIRP vs. CIIRP: Navigating India’s Evolving Corporate Insolvency Resolution Framework

India’s corporate insolvency landscape has seen a significant evolution with the introduction of the Creditor-Initiated Insolvency Resolution Process (CIIRP) through the IBC (Amendment) Act,…

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GST July 11, 2026

Bombay High Court Remands Rule 39(1)(a) ITC Distribution Demand for Fresh Decision

The Bombay High Court recently remanded a case challenging a demand for delayed Input Tax Credit (ITC) distribution under Rule 39(1)(a) of the CGST…

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Income Tax July 11, 2026

Navigating US Stock Dividend Taxation for Indian Residents: Understanding FTC and New Procedural Requirements

Indian residents receiving dividends from US stocks face taxation in both countries, but the Indian tax system, through the Foreign Tax Credit (FTC) mechanism,…

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GST July 11, 2026

GST on Directors: Navigating Remuneration, Rent, and Guarantees for Indian Businesses

The Goods and Services Tax (GST) implications for transactions between directors and their companies are intricate, primarily hinging on the capacity in which the…

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Income Tax July 10, 2026

Income Tax Filing for NRIs with NRO Interest Income: What You Need to Know for FY 2025-26

Non-Resident Indians (NRIs) with NRO interest income often face confusion regarding their Indian income tax filing obligations. For FY 2025-26, an NRI must file…

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Valuation July 10, 2026

BIG BREAKING

🚨 BIG BREAKING: Apollo Micro Systems' ₹1,550 Cr Acquisition of Premier Explosives – A Game Changer for India's Defence Sector! This isn't just another…

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Income Tax July 10, 2026

F&O and Intraday Trading: Understanding Tax Implications and Audit Requirements

Recent changes in tax regulations, including the introduction of Section 198 of the Income-tax Act, 2025, clarify that profits from Futures & Options (F&O)…

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Valuation July 9, 2026

India’s EMS industry: growth outlook and valuation implications

India's EMS industry is projected to grow at 25-30% CAGR over FY24-29E, driven by supply-chain diversification, export growth and policy support - with significant…

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Income Tax July 9, 2026

Decoding Section 270 of the Income Tax Act, 2025: What it Means for Your Assessments

The Income-tax Act, 2025 brings a significant overhaul to assessment procedures with its new Section 270. This consolidated framework streamlines how your tax returns…

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Valuation July 8, 2026

Business Valuation: When and Why It Is Required

What is business valuation? Business valuation is the process of estimating the economic value of a business, ownership interest, security or intangible asset. It…

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Audit & Assurance July 8, 2026

Statutory Audit and Tax Audit: Understanding the Difference

What is a statutory audit? A statutory audit is an examination of a company’s financial statements that is legally required under the Companies Act,…

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GST July 7, 2026

GST Portal’s AATO Amendment: What the New Timelines Mean for You

Understand the upgraded AATO amendment process on the GST Portal, including new timelines for FY 2025-26 and automatic updates.

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Valuation July 2, 2026

IBBI’s New Valuation Guidelines (2026): What They Mean for Valuers and IBC Processes

Explore IBBI's new valuation guidelines (2026) for Registered Valuers under IBC. Learn about documentation, report content, and valuing receivables.

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