Newsletter
Signup our newsletter to get update information, insight or news
Industry News Updates
Get all the latest news and top breaking news live related to Business & Income Tax … Read latest Business news, IT Notifications and news headlines online today.
Client Centric Approach
Backed By Experience
Team Work
NBFCs in India – Types | Regulations | RBI Framework
Non-Banking Financial Companies (NBFCs) are financial institutions that provide banking-like services such as loans, credit facilities, and investments, but do not hold a banking license. They are registered under the Companies Act and regulated primarily by the Reserve Bank of India (RBI) under the RBI Act, 1934. Table of Contents Objectives Introduction Non-Banking Financial Companies […]
SEBI Mandates SCORES for Trustees of ‘Special Purpose Distinct Entities’ Under LODR
Notification F. No. SEBI/LAD-NRO/GN/2025/244, Dated 29.04.2025 The Securities and Exchange Board of India (SEBI) has notified amendments to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [SEBI (LODR) Regulations], specifically targeting the grievance redressal mechanism and disclosure framework for securitised debt instruments. 1. Grievance Redressal Mechanism – Regulation 13 SEBI has amended Regulation 13 […]
Ind AS 2 Work-in-Progress NRV and Ind AS 23 Borrowing Costs
As per Ind AS 2, Inventories, Net Realisable Value (NRV) is the estimated selling price in the ordinary course of business, less the estimated costs of completion and the estimated costs necessary to make the sale. It also states that NRV estimates should be based on the most reliable evidence available at the time the […]
Payment to Clear Title Valid as Cost of Acquisition Under Section 48 | HC
Case Details: Smt. A. Rita vs. Commissioner of Income Tax - [2025] 173 taxmann.com 921 (Madras) Judiciary and Counsel Details Dr Anita Sumanth & G. Arul Murugan, JJ. A.S. Sriraman for the Appellant. S. Rajesh, Jr. Standing Counsel & J. Narayanasamy, Sr. Standing Counsel for the Respondent. Facts of the Case The assessee purchased a property under […]
SC Quashes FIR Against Bank Manager Not Involved in Land Acquisition Suppression
Case Details: Sivakumar vs. Inspector of Police [2025] 173 taxmann.com 874 (SC) Judiciary and Counsel Details Vikaram Nath & Sandeep Mehta, JJ. Facts of the Case In the instant case, the complainant participated in a public auction of mortgaged property and purchased it. Consequently, the Sale certificate was handed over to the complainant. However, when […]
SEBI Empanels 9 Audit Firms to Strengthen Corporate Fraud Investigations
SEBI has streamlined its panel of forensic auditors, reducing the number of firms from twenty to nine for investigating corporate fraud. The selected firms will serve for a three-year term. Deloitte is the only Big Four firm included, with KPMG, EY, and PwC absent. Other selected firms include BDO, Chokshi & Chokshi, CNK and Associates, […]
Assessee is Directed to Clear Outstanding Dues to Enable Registration of Sale Certificate for Auctioned Property | HC
Case Details: Cholamandalam Investment and Finance Company Ltd. vs. Assistant Commissioner, Karur – 2 - [2025] 173 taxmann.com 450 (Madras) Judiciary and Counsel Details Vivek Kumar Singh, J. V. Sukumar, for the Petitioner. J.K. Jayaselan, Government Adv., R. Suresh Kumar, Addl. Govt. Pleader & P. Dhanasekaran for the Respondent. Facts of the Case The petitioner’s loan accounts […]
SEBI Issues Updated FAQs on LODR Norms, Covering Disclosures, Secretarial Audit, and Related Party Norms
FAQs; Dated: 23.04.2025 SEBI has released comprehensive FAQs updated as of April 23, 2025, to clarify the SEBI (LODR) Regulations, 2015. The FAQs cover new secretarial audit norms, mandatory disclosures (including forensic audits and BRSR Core), and minimum public shareholding norms. They also address the applicability of related party definitions, financial result formats, ESG assurance […]
Accounting Treatment and Classification of Accumulated Unused Annual Leave Under Ind AS Framework
This document explores the accounting treatment and classification of accumulated unused annual leave under the Indian Accounting Standards (Ind AS) framework, specifically referencing Ind AS 19. The company currently classifies its unused leave liability as a short-term employee benefit, even though employees typically accumulate leave over an extended period, often using or encashing it after […]
Let a Dedicated Tax Expert Do Your Taxes For You.
Get A Consultation
We Provide High-Quality Accounting & Tax Service. Our Businesses are evolving, in the economic realm by providing the best auditing, tax, and assurance services available.