India Financial Consultancy -

February 15, 2026 / Business Strategy

International Travel Insurance for Senior Citizens: Benefits

International Travel Insurance for Senior Citizens: Essential Tips & Benefits International travel for senior citizens often requires additional planning, particularly regarding healthcare access and financial preparedness. Age-related medical considerations, existing health conditions, and unfamiliar healthcare systems abroad can increase the risk of unexpected expenses. In this context, international travel insurance plays an important role by …

January 27, 2026 / DTAA

What is a Hindu Undivided Family (HUF)?

What is a Hindu Undivided Family (HUF)? A Hindu Undivided Family is a distinct legal and tax entity recognized under Indian tax laws. It consists of members related by blood, members related by marriage, and a Karta (head of the HUF). A Hindu Undivided Family can earn income, own assets, file its own income tax …

January 27, 2026 / GST

Know Your Rights & Duties when Goods Seized under GST

Know Your Rights & Duties in case Goods Seized under GST Act Under the GST law, goods and conveyance can be detained or seized during transit if prescribed conditions are violated. A clear understanding of these provisions can help businesses avoid penalties, delays, and litigation. When Can Goods Be Detained or Seized? Goods can be …

February 15, 2026 / CBDT

Use of artificial intelligence: India New Compliance Reality

Use of artificial intelligence by the Tax Department: India’s New Compliance Reality Introduction CBDT has confirmed the expanded use of artificial intelligence and advanced data analytics by the Income Tax Department to detect discrepancies, strengthen enforcement, and enhance transparency, especially ahead of the passage of the new Income Tax Bill. This marks a structural shift: …

January 19, 2026 / Audit

Draft C&AG Empanelment Policy 2026–27 Issues Affect CA Firm

Draft C&AG Empanelment Policy 2026–27 – Issues Affecting Small & Medium CA Firms & Suggested Policy Interventions While the objective of the Draft Comptroller and Auditor General of India Empanelment Policy 2026–27 to strengthen audit quality, accountability, and governance—is fully appreciated, certain provisions, if implemented in their present form, are likely to result in unintended, …

January 24, 2026 / Tax Notice

New Frontier of AI‑Enabled Tax Enforcement in India

When a Font Exposed a INR 68.7 L Long-term capital gain Tax Fraud Are your taxation-related documents AI-ready? A INR 68.7 lakh long-term capital gain claim collapsed because the font told the truth. In the artificial general intelligence era, authenticity is as important as arithmetic. In a landmark example of digital forensics at work, the Hyderabad …

February 15, 2026 / DGFT

Mandatory GST Invoice Details in eBRC (w.e.f. 13.01.2026)

What is an Electronic Bank Realization Certificate (eBRC)? An Electronic Bank Realisation Certificate (eBRC) is a digitally generated document issued by an authorized dealer bank to confirm that an exporter has received foreign exchange against an export of goods or services. It is the core proof of realization of export proceeds, replacing the old physical …

January 15, 2026 / FIU-IND

FIU-IND Policies & Procedures related to AML/CFT/CPF/DD/PO

FIU-IND-related Policies & Procedures related to AML / CFT / CPF/ Designated Director and Principal Officer, Appointment of Designated Director (DD) Role of Designated Director : Person designated under Rule 2(1)(ba) of Prevention of Money Laundering (Maintenance of Records) Rules 2005, responsible for overall compliance with Chapter IV of the Prevention of Money Laundering Act …

January 15, 2026 / FIU-IND

FIU-IND Registration of VDA Service Providers

FIU-IND Registration Requirement VDA Service Providers with FIU-IND FIU-IND Mandatory registration: In accordance with the Prevention of Money-Laundering Act, 2002 (PMLA) and the Prevention of Money-Laundering Rules (PMLR), registration with FIU-IND is a mandatory prerequisite for all Virtual Digital Asset Service Providers (VDA SPs) engaged in activities notified by the Central Government under Notification S.O. …

February 15, 2026 / ITR

Comparison between Revised, Belated & Updated Return

Basic Comparison between Revised, Belated, and Updated Return Revised Return – Section 139(5) A revised return is filed when a taxpayer has already filed an original or belated return and later discovers any mistake, omission, or wrong statement (income missed, wrong head, incorrect deductions, etc.). Time limit for Revised Return – Section 139(5), like example …