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Thought leadership and regulatory analysis from our subject matter experts: Union Budget and Finance Bill analysis, direct tax, GST, audit and data protection updates.

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• Form 161 Income Tax: New Penalty Waiver Application CBDT Notification 134/2026 substitutes Form 161 income tax for section 440 penalty waiver under the Income-tax Act, 2025.
• 57th GST Council Meeting Recommendations: Key Changes Explained 57th GST Council meeting recommendations: proposed removal of arrest powers, INR 5 crore prosecution threshold, faster refunds and wider ITC.
• Tax Audit Due Date Now October 21, 2026: Who Is Covered CBDT Circular No. 07/2026 moves the AY 2026-27 tax audit date to October 21, 2026 and the ITR date to November 21, 2026 for Serial No. 2 assessees.
• Post-Lok Sabha Evolution: A Deep Dive into the Finance Bill 2026 Amendments The Lok Sabha on Wednesday passed the Finance Bill 2026, along with 32 government amendments. These are critically analysed in this post.
• India’s Tax Code Just Got a 21st-Century Makeover: 5 Interesting Shifts You Need to Know After 64 years, the Income Tax Act is being retired. From the "death" of the Assessment Year to digital search powers that sound like sci-fi, here is…
• Beyond the Fine Print: 7 Surprising Ways India’s New Privacy Law Changes Your Digital Life The Digital Personal Data Protection Act, 2023 balances your right to protect personal data with the need for lawful processing.
• Navigating Procedural Shifts: An In-Depth Analysis of the Finance Bill 2026 This PPT cuts through Budget headlines to explain what actually matters, who it impacts, and what needs to be done next.
• Budget 2026: Expectations for the Manufacturing Sector - particularly the Diamond Value Chain As we approach the Union Budget 2026, the manufacturing sector anticipates significant reforms in PLI schemes and customs duties.
• GST Council Meet: New Rates for Virtual Digital Assets The 60th GST Council meeting has clarified the taxation structure for virtual digital assets and online gaming platforms.
• Sustainable Business Practices: A Financial Overview Understanding the financial impact of adopting sustainable practices in the current regulatory environment.
• Audit Quality Maturity Model v2.0 Released by ICAI The ICAI has revised the AQMM to include more stringent checks on digital audit tools and peer review mechanisms.