Tag: Financial Reporting

Corporate Law Notification & Order Corporate Law

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

CA Adityavikram Banka

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

Income Tax Notifications & Order IT

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

CA Adityavikram Banka

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