India: Accounting Standards

India's mergers and acquisitions (M&A) market has evolved into a high-velocity ecosystem shaped by private equity, strategic buyouts, promoter exits, cross-border transactions and platform-led consolidation across technology, manufacturing, healthcare, financial services, logistics, and consumer businesses.

For businesses seeking stability and strategic direction in unpredictable markets, the role of a Chief Financial Officer (CFO) has proven to be vital. There was a time when CFOs were limited to handling accounting and compliance.

The Ministry of Corporate Affairs ("MCA") on August 13, 2025, issued the Companies (Indian Accounting Standards) Second Amendment Rules...

On May 30, 2025, the MCA in India has via notification G.S.R. 357(E) introduced significant amendments to the Companies (Accounts) Rules, 2014, through the Companies (Accounts) Second Amendment Rules, 2025, effective from July 14, 2025.

With the aim to foster trade, investment, innovation and job creation in India and UK, FTA and DCC is signed between the countries. This will deepen economic integration along with trade liberalisation and tariff concessions.

Impairment is a state when the carrying value of an asset is higher than its recoverable value Alternatively...

The Assessee filed appeal before CIT(A) and during the pendency of appeal, filed application before AO seeking stay of demand under Section 220(6) of the Act,

The Framework is applicable to Local Area Banks and Co-operative Banks, thus covering a wider set of creditors than the Prudential Framework.

Cost accounting and audit seemed to be a not-so-relevant subject matter till lately when the Cost Audit Branch of the Ministry of Corporate Affairs has started issuing notices checking for compliance...