Cabinet Approves IBC Amendment Bill: Group Insolvency, Cross-Border Framework, and Creditor-Initiated Resolution

What Happened The Union Cabinet on March 10, 2026 approved the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, incorporating recommendations from the Parliamentary Select Committee. Originally introduced in the Lok … Read More

New Income Tax Act 2025 Takes Effect April 1, 2026: What Every Taxpayer, CA, and Startup Founder Must Know

The Income-tax Act, 2025 will replace the six-decade-old Income-tax Act, 1961 with effect from April 1, 2026. This is the most significant overhaul of India’s direct tax framework in over … Read More

MCA Amends Accounting Standard AS-22: Pillar Two Income Taxes Exemption from Deferred Tax Recognition

The Ministry of Corporate Affairs (MCA) has issued a notification dated March 10, 2026, introducing the Companies (Accounting Standards) Amendment Rules, 2026. The amendment modifies AS-22 (Accounting for Taxes on … Read More

CBDT Brings Crypto-Assets and Digital Currency Under Income Tax Reporting Framework: Key Changes Explained

The Central Board of Direct Taxes (CBDT) has issued Notification No. 19/2026 (G.S.R. 158(E)) dated March 5, 2026, introducing significant amendments to the Income-tax Rules, 1962. The notification amends Rules … Read More

FEMA (Guarantees) Regulations, 2026: RBI Overhauls Cross-Border Guarantee Framework – Key Changes for Businesses

The Reserve Bank of India has notified the Foreign Exchange Management (Guarantees) Regulations, 2026, replacing the two-decade-old FEM (Guarantees) Regulations, 2000. Announced on January 6, 2026, the new framework represents … Read More