KNOWLEDGE HUB
ESOPs Explained: Perquisite Tax and Financing Tips Before You Exercise
Employee Stock Ownership Plans, or ESOPs, have become a popular way for companies to reward employees. They offer a real stake in the company's growth. However, many employees jump in without understanding the full picture. Before you exercise your options, you need...
GSTAT Sets Aside Section 74 Demand Over Mere ITC Reconciliation Difference
The Goods and Services Tax Appellate Tribunal has delivered an important ruling on Section 74 proceedings. The Thiruvananthapuram Bench examined whether an ITC reconciliation difference could justify a fraud-based GST demand. In M/s. Santhome Latex Enterprises v....
ICAI MEF 2026-27: Empanelment Form Now Open
The Institute of Chartered Accountants of India (ICAI) has opened the Multipurpose Empanelment Form for 2026-27. This form gives Chartered Accountants and CA firms a chance to register for empanelment opportunities. As a result, eligible members can now apply for...
NFRA-2 Non-Filers 2024-25: NFRA’s Updated Provisional List Explained
The National Financial Reporting Authority (NFRA) has released a fresh update. This update concerns audit firms that missed filing Form NFRA-2 for 2024-25. The revised list reflects filings recorded up to 15 August 2026. This development matters to every audit...
My Child Sent Money from Abroad: Is It Taxable? What Are the FEMA Rules?
Many parents in India receive financial support from children living abroad. Naturally, this raises an important question. Is this money taxable, and what rules apply? Fortunately, the answer brings relief to most families. The Short Answer: No Tax on the Gift Itself...
Bain Capital in Talks to Invest Up to ₹2,850 Crore in JBM Auto’s EV Business
Global private equity giant Bain Capital is reportedly exploring a major investment in JBM Auto. According to news reports, the firm is in discussions to invest up to ₹2,850 crore, or nearly $300 million, in JBM Auto's electric vehicle business. As a result,...
New Income Tax Form 112 Explained: Replaces Form 10B & 10BB
The Income Tax Department has introduced a major change for non-profit organisations. From April 1, 2026, a new form called Form No. 112 will replace two older forms. These are Form No. 10B and Form No. 10BB. This update comes under the Income-tax Act, 2025....
FAST-DS 2026: Foreign Assets Disclosure Scheme Guide
Many Indians hold small foreign assets they never reported. A forgotten bank account, unused stock options, or a modest overseas investment can all count. Until now, missing these details carried serious risk. However, a new government scheme now offers a way out....
Taxation and Other Laws (Amendment) Act 2026: Key Changes Explained
India's tax landscape keeps evolving, and 2026 has brought another major update. The Taxation and Other Laws (Amendment) Act 2026 reshapes several rules under the country's tax framework. Why Was This Act Introduced? The story begins with the Income-tax Act,...
Compliance Calendar of August Month 2026: India Statutory Deadlines
August often brings a heavy compliance load for Indian businesses. Multiple statutory deadlines fall within a single month. Missing even one date can trigger penalties or interest. This calendar consolidates every major due date for August 2026. It covers GST, ESI,...