RETROSPECTIVE AMENDMENTS UNDER THE INCOME TAX ACT, 1961
Purpose of the note The purpose of this note is to summarize the implications arising under the Income tax Act,
Direct Tax
Regulatory
RBI Amendment Directions, 2026- Scale based regulatory framework
BACKGROUND On April 29, 2026, the Reserve Bank of India introduced significant amendments to the NBFC registration and exemption framework.
Direct Tax
Note on Corporate Tax Regimes Applicable to Domestic Companies AY 2026-27
1. Introduction For domestic companies, the tax framework under the Income-tax Act, 1961 operates differently from the regime applicable to
Regulatory
Companies Compliance Facilitation Scheme (CCFS) validity extended till 31st August 2026
BACKGROUND: The Ministry of Corporate Affairs via its General Circular No. 01/2026 dated 24th February 2026 launched a one-time compliance
Direct Tax
DGIT (System) to upload information received under Automatic Exchange of Information (‘AEOI’) framework to Annual Information Statement (‘AIS’)
The Central Board of Direct Tax (‘CBDT’) through order dated 8th July 2026, authorizes the Director General of Income-Tax (‘DGIT’)
International Tax
Ratification of India Mauritius DTAA
Mauritius Ratifies India-Mauritius DTAA Protocol: A Step Closer to PPT Becoming Effective The Mauritian Cabinet, at its meeting held on
Audit & Assurance
Companies (Indian Accounting Standards) Amendment Rules, 2026
Background The Central Government, in exercise of the powers conferred by section 133 read with section 469 of the Companies