6 articles
AIF QAR for September 2026 Quarter: Deadline Is October 15
SEBI-registered Category I, II and III AIFs must file the Quarterly Activity Report for July–September 2026 by October 15, under the two-tier QAR/AAR reporting framework introduced by SEBI's March 2026 circular. Missing it exposes the fund to enforcement action under the SEBI Act and the AIF Regulations.
Read article →AIF Annual Compliance: Form N, Form N-2, SEBI Audit & CA Certificate Requirements
Read →PPM and LPA Drafting for AIFs: SEBI Mandatory Disclosures, Co-Investment Rights, and the Key-Man Clause
Read →AIF Taxation in India: Category III Pass-Through, STCG Surcharge & Investor Reporting
Read →10 articles
"A net worth certificate is just a CA signature": what the law actually requires
Most people treat a net worth certificate as a one-page letter that a CA signs for a fee, with the figure being whatever the client declares. That belief costs money. A net worth certificate is an attestation engagement under the ICAI Guidance Note on Reports or Certificates for Special Purposes read with SAE 3000 (Revised), it requires a UDIN, and the certified figure must trace to Schedule III captions and verifiable records. Section 2(57) of the Companies Act 2013 defines net worth and expressly excludes revaluation reserves - a point that trips up companies that revalued property years ago. This article sets out where the definition comes from, what lenders and tender committees actually read the certificate for, how net worth triggers CSR under Section 135, internal audit under Section 138 and the 400 percent ODI cap under FEMA, and gives an eight-step process for producing a certificate that survives scrutiny. It also covers the ITA 2025 corroborating trail - the return of income, Schedule AL, and Form 26AS (now Form 168) - plus the Form 145 and Form 146 overlap for NRI remittances.
Read article →"A forensic audit is just a deeper statutory audit": what Indian law actually says
Read →"Only listed companies need a secretarial audit": what Section 204 actually says
Read →"Bank branch audit is just ticking vouchers": what RBI's LFAR and IRACP norms actually demand
Read →4 articles
RBI TReDS Directions 2026: MSME Invoice Discounting Reforms Explained
The RBI's new TReDS Directions 2026, notified June 24, 2026, remove MSME seller due diligence requirements, introduce NCGTC credit guarantees for financiers, and mandate CERSAI registration of invoice assignments. This article explains the five major reforms and their impact on MSME working capital.
Read article →ECLGS 5.0: 100% Guaranteed Working Capital for MSMEs Until March 2027
Read →Virtual CFO vs Full-Time CFO for Indian SMEs — Cost, Value & When to Hire Which
Read →Business Valuation in India — EV/Revenue & EV/EBITDA Multiples by Sector for FY 2025-26
Read →6 articles
ECLGS 5.0: 100% Guarantee on MSME Working Capital Credit
ECLGS 5.0 lets eligible MSMEs draw additional working capital credit at nil guarantee fee, with the government bearing 100% of the credit risk. The scheme window closes March 31, 2027 — here's who qualifies and how the process works through your bank.
Read article →SME Credit Ratings: How CAs Build the Financial Package That Wins CRISIL Ratings and Lower Borrowing Costs
Read →Working Capital Finance: CC vs OD vs Bill Discounting, DSCR Calculation & What Banks Check in Audited Financials
Read →NBFC Registration with RBI: Category A vs B, Rs. 10 Crore NOF, and Annual Compliance Checklist
Read →14 articles
Startup India FoF 2.0: AIF Eligibility & Tax Rules for Managers
Startup India Fund of Funds 2.0 puts ₹10,000 crore behind SEBI-registered Category I and Category II AIFs, not startups directly. Here is the daughter fund eligibility criteria, DPIIT prerequisites, and the Section 115UB tax framework AIF managers and founders need to check before applying.
Read article →SEBI's MF-PMS Framework: ₹25L Minimum, 2.5% Fee Cap Explained
Read →SEBI Clarifies Intraday Borrowing by Mutual Funds: What It Means
Read →SEBI Exemption Order for Waaree Energies: What Listed Companies Should Know
Read →10 articles
Corporate Laws (Amendment) Bill 2026: What Changes for India Inc
The JPC has endorsed the Corporate Laws (Amendment) Bill, 2026, proposing changes to CSR thresholds, fast-track mergers, decriminalisation of procedural defaults, and NFRA's powers. None of it is law yet — here is what to track and what to leave untouched until Presidential Assent.
Read article →One audit a year isn't enough: Section 129 vs bank MIS
Read →CCFS-2026 extended to 31 August: file pending ROC forms at 90% off
Read →"Independent directors have no real liability": what the Companies Act actually says
Read →53 articles
RBI Project Finance Directions 2025: Bank Requirements
The RBI’s 2025 Project Finance Directions set clear rules for banks on documentation, land thresholds, DCCO dates and DSCR expectations. Learn why a CA‑certified financial model and a detailed project report are non‑negotiable for getting your loan disbursed.
Read article →EPF Wage Ceiling Raised to ₹25,000: Employer Compliance Guide
Read →EPFO VISHWAS 2026: Settle PF Default Notices Before Dec 28
Read →"Bonus must be 20% of my salary": what the Payment of Bonus Act and the 2026 Code on Wages rules actually say
Read →5 articles
Cost Audit Compliance 2026: CFOs and Directors Now Face Personal Penalties Under the Corporate Laws Amendment Bill
The Corporate Laws Amendment Bill 2026 proposes direct personal liability for CFOs and MDs at companies required to maintain cost records under Section 148 of the Companies Act 2013. With the CRA-2 cost auditor appointment deadline approaching in September 2026, regulated-industry companies need to act now. The Bill has been referred to a Joint Parliamentary Committee and has not yet received Presidential assent.
Read article →Standard Costing for Manufacturers: Bridging Product Costs and Transfer Pricing Under Section 92C
Read →DPCO Compliance for Pharma: Cost Statement Format, Ceiling Price Reporting & NPPA Rules
Read →Stock Audit for Bank Borrowers: RBI Guidelines, Ind AS 2 Valuation, and LFAR Findings
Read →7 articles
RoDTEP Scheme Extended to 31 December 2026 – Rates Unchanged
The DGFT has extended the RoDTEP duty remission scheme to 31 December 2026. All eligible exporters can continue claiming the same rates and value caps via ICEGATE e‑scrips, with no procedural changes.
Read article →EOU and IGCR Compliance: Duty-Free Imports Under Customs Rules 2017
Read →Customs Duty in India: BCD, IGST on Imports & the ITS Explained
Read →Anti-Dumping Duty in India: DGTR Investigation, Provisional vs Final Duty, and High Court Challenge
Read →15 articles
Can You Set Off Crypto Losses Against Salary or Stocks? Section 115BBH Rules
Zero. VDA losses cannot be set off against salary, stock gains, or business income, and cannot be carried forward under s.115BBH ITA 1961 — the harshest loss restriction in the Act. Only set-off against VDA gains in the same year is possible, and even that is contested.
Read article →Section 2(47A) Virtual Digital Asset Definition: NFTs, Stablecoins and CBDC Edge Cases
Read →P2P Crypto Trades and Foreign Exchanges: INR Conversion, RBI Rate and ITR Disclosure
Read →Schedule VDA in ITR-2: How to Report Bitcoin, Ethereum and Exchange P&L
Read →6 articles
FEMA Export Realisation: The 9-Month Rule, Write-Off, and Section 13 Penalties Explained
Exporters must realise export proceeds within 9 months under FEMA Notification 23(R). Failure invites penalties under Section 13 of FEMA. This post covers the realisation rule, write-off eligibility, penalty mechanics, and compliance steps.
Read article →Advance Authorisation under Foreign Trade Policy: Routes, SION Norms, and Closing Export Obligation
Read →Software Exports and SOFTEX Filing: STPI, FEMA 23(R), and the Non-Negotiable CA Certificate for Section 10AA
Read →EPCG Scheme: Zero-Duty Capital Goods Import & Export Obligation Calculator Under FTP 2023
Read →8 articles
7 articles
FCRA Extended Validity Ended on 30 September 2026: What NGOs With Pending Renewals Should Do Now
The Ministry of Home Affairs’ July 2026 circular extended FCRA validity only up to 30 September 2026. NGOs that filed Form FC‑3C before expiry but are still awaiting a decision must act now to avoid losing the right to receive foreign contributions.
Read article →FCRA June 2026 Changes: FC-6F, Key Functionary Rules & ₹10L Trap
Read →Form 10BD and 10BE: Donor Statements, May 31 Filing, Section 271K Penalty, and Donation Certificates
Read →CSR Compliance Under Section 135: The Rs.40 Lakh Threshold, Form CSR-2, and the 2% Unspent Transfer Rule
Read →52 articles
NRI Sold Property Below ₹50 Lakh Without TDS: What Happens Next?
When an NRI sells property in India, the ₹50 lakh TDS exemption under Section 194-IA does not apply — Section 195 has zero threshold. Here is what the buyer and seller each owe, and how to fix it.
Read article →"Every foreign remittance needs a CA certificate": What ITA 2025 actually says
Read →"Any LRS transfer above Rs.7 lakh attracts 20% TCS": What ITA 2025 actually says
Read →NRE vs NRO vs FCNR: FEMA Account Matrix for NRI, OCI and Returning Residents
Read →5 articles
Working Capital Management: Cash Conversion Cycle, Credit Terms & TReDS Invoice Discounting
Working capital management isn't about juggling; it's about moving cash intelligently. Learn to decode your cash conversion cycle, negotiate supplier and customer terms that don't strangle your business, and use TReDS platform effectively for invoice discounting under RBI framework.
Read article →Financial Projections for Fundraising: 3-Statement Model, Ind AS 115 Revenue Recognition & Board Approval Under Section 179
Read →MIS Reporting for Growing Businesses: P&L, Cash Flow & KPI Dashboards
Read →CMA Report for Bank Credit: What Banks Look for in Form CMA and How to Prepare a Winning DPR
Read →4 articles
RWA Audit & Accounting: Receipts & Payments, Sinking Fund, and Statutory Requirements
Residential Welfare Associations must file statutory audits and maintain compliant accounts under the Societies Registration Act. This guide covers receipts and payments preparation, sinking fund accounting, and audit requirements that RWA secretaries and treasurers must follow.
Read article →Income Tax for Resident Welfare Associations: Mutuality, Exemptions, and ITR-5 Filing
Read →TDS Obligations for RWAs: Section 194C & 194J, and Monthly Form 26Q Filing
Read →GST on RWA Maintenance Charges: The Rs.7,500 Threshold and ITC Compliance
Read →5 articles
Trademark Registration in India: The 4-Step Process Under Trade Marks Act 1999, Class 35 for Service Businesses, and Why a CA Should Handle the IP Audit
Trademark registration in India follows a four-step statutory process under the Trade Marks Act, 1999. Service businesses use International Classification Class 35. A CA's IP audit protects your intangible assets and ensures tax compliance.
Read article →Copyright Registration Under Section 44 of the Copyright Act 1957: Why Software Companies Need It
Read →Trademark Objection Reply Under Rule 45: Common Grounds and Winning Strategies
Read →IP Due Diligence in M&A: Valuing Trademarks, Checking Encumbrances & Schedule III Disclosures
Read →19 articles
"Just open a HUF and get another ₹4 lakh exemption": what ITA 2025 actually says
The most persistent piece of advice in Indian family WhatsApp groups is that opening a Hindu Undivided Family gives you a second taxpayer with its own ₹4 lakh exemption and its own slab ladder. The structure is real. What the advice leaves out is Section 64(2), which exists precisely to stop the manoeuvre being described: when a member converts self-acquired property into HUF property, the income from that property continues to be taxed in the transferor''s hands, not the HUF''s. You keep the tax bill and permanently lose control of the asset. This article works through what a HUF actually gets under ITA 2025 (the ₹4 lakh exemption, but not the Section 87A rebate), where Section 64(2) bites and where it does not, the second-generation income principle, the residency trap that catches NRI Kartas, two worked examples showing a ₹0 saving versus a lawful ₹1.84 lakh saving, the daughters-as-coparceners position after Vineeta Sharma, and why total partition under Section 171 is the only exit that has any tax effect.
Read article →JDA landowner tax: when the ₹0-till-CC deferral holds, and when it doesn't
Read →The 70%-account: a CA certificate every withdrawal, an audit every year
Read →Pre-launch = ₹1 in every ₹10: the RERA penalties builders keep underestimating
Read →10 articles
"I inherited the shares, so my cost is zero": What ITA 2025 actually says
Heirs of Indian shares routinely assume their cost of acquisition is zero and that their holding period restarts on the date of death. Both assumptions are wrong, and together they can inflate a tax bill by several lakh rupees. Section 49(1) of ITA 1961, retained under ITA 2025, deems your cost to be the previous owner's cost, and the Explanation to Section 2(42A) adds the previous owner's holding period to yours. Crucially, the 31 January 2018 grandfathering benefit under Section 55(2)(ac) travels with the inheritance. This guide works through the three-step grandfathering formula with a full NRI worked example, the Section 112A and 111A rates for Tax Year 2026-27, transmission mechanics, TDS treatment, advance tax timing, and the ITR-2 Schedule 112A entries that heirs most often get wrong.
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