India: Accounting Standards

Entries in books carry significant legal consequences. They may corroborate a debt, revive a time-barred claim, or materially impact litigation strategy years later.

The Reserve Bank of India has introduced amendments to the income recognition, asset classification and provisioning framework for Non-Banking Financial Companies, specifically addressing how Default Loss Guarantees...

On March 23, 2026, the Union Finance Minister introduced the Corporate Laws (Amendment) Bill (“Bill”), 2026 in the Lok Sabha, which proposes various amendments (“Proposed Amendments”) to the Companies Act, 2013 (“CA 2013”) and the Limited Liability Partnership Act, 2008. The Bill has been referred to a Joint Parliamentary Committee for further scrutiny.

In today's fast-evolving global economy, outsourcing is no longer a reactive cost-saving measure — it's a proactive, strategic lever.

Read to understand the cost, speed, and talent benefits of outsourcing to India — and what your business could be missing

Invoice processing has always been a significant burden on companies. Not only from the perspective of manual labor, but also to actively avoid and ensure any payment leakages.

In the past, the DGTR used to consider valuation of captive inputs as per cost of production of such inputs.

This article aims to highlight the key valuation triggers that stem from the application of various International Financial Reporting Standards (IFRS) and outline the valuation-specific...

In this article, the author seeks to analyse how ITAT committed an error in its decision in the case of Milan Intermediaries LLP vs the Income Tax Officer, Ward- 2(1)(4), Ahmedabad on 26th July 2018.