OUR BUILDING BLOCKS

Insights and Updates

Direct Tax Alert

Under offshore holding structures, controversies have centred on whether foreign investment vehicles holding valid Tax Residency Certificates (TRCs) under the tax treaty entered into with India are eligible for treaty benefits in respect of capital gains.

India’s tax and regulatory developments on foreign portfolio investors

The Central Board of Direct Taxes (CBDT) vide press release has launched the second phase of its NUDGE (Non-intrusive Usage of Data to Guide and Enable) initiative, aimed at strengthening voluntary compliance in relation to foreign asset and foreign income reporting by Indian residents.

Accounting, Regulatory & Tax Updates in India - February 2026

ICAI Expert Advisory Committee: Accounting for Commission Paid for Performance Bank Guarantees

Liquidation Accounting: When Going Concern Is No Longer Applicable

Financial reporting is built on the going concern assumption, which presumes that an entity will continue its operations for the foreseeable future. However, when a company reaches the stage where continuation is no longer viable, financial reporting must shift to a fundamentally different basis of accounting.