Indian Accounting Standards (Ind AS), International Sustainability Standard Board (ISSB) and International Financial Reporting Standards (IFRS)

The financial reporting landscape continues to evolve with significant updates in accounting and sustainability standards. The Institute of Chartered Accountants of India (ICAI) has released the Compendium of Indian Accounting Standards (Ind AS) 2024–2025, incorporating key amendments notified by the Ministry of Corporate Affairs (MCA). These include changes to Ind [...]

Investing in a Sustainable Future Edition

As the world faces the dual challenge of climate change and rapid digital transformation, technology is emerging as a powerful ally in driving global sustainability. From AI-enabled energy optimization and IoT-powered smart cities to blockchain-based carbon tracking, innovation is reshaping how we monitor, manage, and reduce our environmental footprint. Leading [...]

Investing in a Sustainable Future

Fast fashion has transformed the way we dress—but at a staggering hidden cost to people and the planet. Behind every low-priced garment lies a global network of environmental damage, labour exploitation, and human rights concerns. As governments consider import tariffs and carbon-based levies to hold producers accountable, consumers face a [...]

Is that exempt income actually so? Asks taxman,spooks many

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Expanded Coverage of Fast Track Merger Provisions

The Ministry of Corporate Affairs (MCA) has significantly broadened the scope of the fast-track merger (FTM) process through Notification No. G.S.R. 603(E) dated 4th September 2025. The amendments now allow a wider range of companies—including low-debt unlisted entities, certain subsidiaries, and even foreign holding companies with Indian wholly owned subsidiaries—to [...]

56th GST Council Meeting

The 56th GST Council Meeting on 3rd September 2025 has marked a significant milestone in India’s indirect tax landscape, introducing major GST rate rationalisations aimed at simplifying compliance and providing consumer relief. The Council has proposed a streamlined two-rate structure—5% for merit goods and 18% as the standard rate—with a [...]

The ₹10 crore capital gain exemption cap: Law, loopholes and litigation

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Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee (Payable byPublic Sector Undertaking Companies) (Amendment and Validation) Bill 2025

The Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee (Amendment and Validation) Bill, 2025 significantly expands the scope of the state’s Pre-GST amnesty scheme, offering a time-bound opportunity for public sector entities to resolve long-standing tax arrears. The amendment broadens eligibility beyond PSU companies to include government [...]

Opportunity to settle pending tax disputes under West Bengal Settlement of DisputeScheme 2025

The West Bengal Sales Tax (Settlement of Dispute) (Amendment) Act, 2025 introduces a timely relief measure for taxpayers by enabling the settlement of pending disputes under WBVAT, CST, Sales Tax, and Entry Tax as of 31st March 2025. The Act offers substantial waivers on tax dues, penalties, and late fees, [...]

Investing in a Sustainable Future

As sustainability becomes a boardroom priority rather than a side initiative, 2025 is redefining ESG reporting across Europe and the UK. This edition—developed with research support from Pushkar Joshi, Climate Reporting Actuary—unpacks how new regulations are raising the bar for corporate transparency and accountability. The EU’s Corporate Sustainability Reporting [...]