2026 - India Financial Consultancy

June 1, 2026 / Insolvency and Bankruptcy Code

AFA Renewal Compliance Readiness: Key Action Point for IP’s

AFA Renewal & Compliance Readiness: Key Action Points for Insolvency Professionals With recent regulatory alignment and evolving compliance expectations, it has become increasingly important for insolvency professionals to proactively manage their authorization for assignment renewals and ensure regulatory readiness. Insolvency Professionals Needed: Insolvency Professionals Plan Early, Stay Compliant, The revised AFA framework emphasizes discipline, preparation, …

May 30, 2026 / GST advisory

Overall Structure Goods and Services Tax Reconciliation

Overall Structure & Theme Goods and Services Tax Reconciliation Goods and Services Tax Reconciliation Goods and Services Tax reconciliation is essential to ensure accuracy, compliance, cash flow management, and business growth. The main goal is to match data, find mismatches, and ensure accuracy and compliance under the Goods and Services Tax. GST reconciliation is defined as matching …

May 20, 2026 / CBDT

New PAN Quoting Limits from 1 April 2026 – Compliance Guide

New permanent account number Quoting Rules (From 1 April 2026) These new permanent account number quoting rules specify when a permanent account number must be quoted for certain financial transactions. above compares old limits vs revised limits. Cash Withdrawals (Bank/Post Office) Old Rule New Rule INR 20 lakh (FY basis) INR 10 lakh (FY basis) Meaning: …

May 20, 2026 / Company Law Compliances

MCA Compliance Calendar 2026 for Private Companies in India

Ministry of Corporate Affairs Compliance Calendar – Private Companies (India) Annual Compliances – Private Companies (India) Form / Event Due Date Purpose / Details Annual General Meeting On or before 30 September Annual General Meeting of shareholders AOC-4 Within 30 days of AGM Filing of Financial Statements (BS, P&L, Auditor’s Report, Board Report) MGT-7 / …

May 20, 2026 / compliance calendar

Due Date of April 2026 – Compliance Deadlines (India)

April 2026 – Compliance Deadlines (India) Due Date Form / Compliance Category Description / Details 7 April ECB-2 Return FEMA Reporting of actual External Commercial Borrowing transactions for March 7 April Tax Deducted at Source and Tax Collected at Source Deposit (Govt.) Income Tax Deposit of Tax Deducted at Source and Tax Collected at Source …

May 15, 2026 / ITR

Myth: Low Income Means No Need to File ITR : Not True

Myth: Low Income Means No Need to File ITR : Not True Many people believe that if they don’t “earn enough,” they don’t need to file an income tax return (ITR). This myth is widespread — but incorrect. The Truth: Filing Depends on Your Gross Total Income, Not Your Final Taxable Income. You must file …

May 12, 2026 / Business Services

IBBI’s 2026 Reforms: Redefinition of Fair Value

IBBI’s 2026 Reforms: Strengthening Valuation and Transparency under the IBC The Insolvency and Bankruptcy Board of India introduced a set of transformative reforms aimed at strengthening the valuation system & information disclosure standards under the Insolvency and Bankruptcy Code 2016 on 26th February 2026, These reforms mark a significant step toward enhancing credibility, transparency, and …

May 12, 2026 / Insolvency and Bankruptcy Code

Valuation is critical Pillar under IBC framework.

Valuation is a critical pillar under the IBC framework. The Insolvency and Bankruptcy Code, 2016 has transformed India’s insolvency ecosystem by introducing a structured, time-bound resolution process. Among the key pillars supporting this framework is valuation, which plays a crucial role in ensuring fairness, transparency, and informed decision-making throughout the Corporate Insolvency Resolution Process and …

May 9, 2026 / GST Compliance

Top GST Compliance Mistakes That Trigger GST Notice in India

Top GST Compliance Mistakes That Trigger GST Notice in India GST Notices are system-driven: Most Goods and Services Tax notices are not issued because of fraud. They arise due to routine compliance lapses and reconciliation failures. Goods and Services Tax scrutiny is now powered by data analytics, automated reconciliations & risk parameters configured by Goods …

April 25, 2026 / TDS

Strategic Planning for Payments by Firms to Partners

A Paradigm Shift in Partner Taxation Earlier Positions of Professional and trading firms Treat partner payouts Historically, payments by partnership firms to partners, such as interest on capital, remuneration, commission, or salary, were outside the scope of TDS due to the principle of mutuality and the unique partner–firm relationship. This position has changed with the …