Insights
RBI's overseas investment Master Direction amendment notified May 26, 2026 raises the omnibus route limit to 400 percent of net worth. New bona fide business test, real estate carve-outs, and how outbound investments under ₹4,000 crore now flow through the simplified route.
IBBI notification dated May 26, 2026 amends the personal guarantor insolvency framework under Part III of the IBC. Faster timelines, mandatory mediation pre-filing, and new RP (Resolution Professional) appointment protocol for personal guarantor cases.
Status of the four Labour Codes implementation across Indian states as of May 27, 2026. Which states have notified rules, the staggered rollout calendar, and the operational priorities for HR teams managing multi-state workforces.
NFRA released the FY26 quality review list of 100 listed company audits on May 27, 2026. The selection criteria, the new ICAI coordination protocol, and what audit firms should prepare for the review window.
CBDT FAQ dated May 27, 2026 clarifies multiple Section 194-R issues: medical insurance premium carve-out, gift-card threshold treatment, dealer incentive aggregation, and the foreign perquisites valuation methodology.
MCA notification dated May 23, 2026 expands Section 233 fast-track merger to all wholly-owned subsidiaries and small companies. The 90-day timeline, RD approval workflow, and how it compares to the NCLT route under Section 232.
GST Council's 22% slab on luxury goods effective July 1, 2026. The notified product list, transition rules, HSN reclassification deadline, and how to prepare GSTR-3B from June.
MCA Form 11 LLP annual return for FY 2025-26 is due May 30, 2026. The filing volume spike, designated partner DSC validity issues, the ₹100/day late fee, and how to file in the final week.
RBI Payment Aggregator and Payment Gateway license deadline is June 30, 2026, the final extension. Pending applicants, the ₹15 crore net worth threshold, the white-listing process, and what happens to non-compliant PAs after July 1.
SEBI LODR Regulation 23 amendment effective May 30, 2026 tightens the related party transaction materiality threshold. The new 5 percent rule, audit committee approval workflow, and shareholder approval triggers for listed companies.
Form CSR-2 for FY 2025-26 is due May 31, 2026. The Section 135 applicability, unspent amount disclosure under Section 135(5), and Schedule VII activity matching.
GST e-invoice mandatory threshold drops from ₹5 crore to ₹2 crore aggregate turnover from August 1, 2026.
DIR-12 must be filed within 30 days of director appointment, change in designation, or cessation. The ₹100 per day late fee and the disqualification trap for directors of multiple companies.
ESOP perquisite valuation for Indian employees of unlisted foreign or domestic parent companies follows Rule 3 of Income-Tax Rules. The fair market value methodology and FY 2025-26 TDS implications.
RERA quarterly progress report (QPR) for Q4 FY 2025-26 is due May 31, 2026. The new construction milestone reporting fields and the per-day penalty escalation.
EPFO notification dated May 20, 2026 raises the EPF wage ceiling from ₹15,000 to ₹25,000 effective July 1, 2026. The new contribution math, employer cost impact, and how existing employees transition.
CBIC notification dated May 18, 2026 discontinues the GSTR-1 Invoice Furnishing Facility (IFF) for QRMP scheme taxpayers from July 1, 2026.
CBDT notification dated May 19, 2026 revises TDS Section 194-O thresholds: the seller exemption rises to ₹10 lakh and new MCC categories trigger the 1% rate.
Annual General Meeting extension applications for FY 2025-26 must be filed before September 30, 2026. The 3-month RoC cap, accepted grounds, the ₹50,000 fee, and reasons applications get rejected.
Choosing between ITR-2 and ITR-3 for FY 2025-26 hinges on whether you have business income.
Director KYC under Rule 12A is due by 30 September 2026 for every DIN holder. The OTP failure pattern in May 2026.
EPF Schedule 0 vs Schedule 1 wage reconciliation is the most frequent finding in EPFO inspections in 2026. The wage definition under Section 6.
FC-GPR foreign investment reporting 30-day deadline under FEMA. The four trigger events, the new May 2026 penalty interest formula.
ITR-1 vs ITR-2 selection for FY 2025-26. The four new disclosure fields added by CBDT in May 2026, the eligibility limits, and the seven situations where ITR-1 will be rejected.
TDS Section 194-Q vs 194-O: which one applies, the 10 crore turnover threshold, and the Q4 FY26 buyer-side reconciliation gap.
Form 15CA-15CB filing limits and the bank pre-clearance workflow have been revised in May 2026. The four-part 15CA categorisation, the CA certificate practice for 15CB.
GST e-invoicing threshold has dropped from ₹5 crore to ₹3 crore aggregate turnover effective June 2026. Eligibility recheck, IRP onboarding, and the four mistakes that block ITC for the buyer.
MCA SPICe+ Part A name approval is taking 8-12 working days in May 2026. The four common rejection reasons, the resubmission window, and how to structure the name proposal.
STK-2 ROC strike-off applications being rejected at higher rate in FY 2026-27. The seven ineligibility tests under Section 248.
DPIIT May 2026 notification has narrowed the Section 80-IAC startup tax holiday eligibility. The five qualifying tests, the 100% deduction window mechanics.
Form 15CA and Form 15CB filing under Rule 37BB of the Income-tax Rules 1962. Four parts of 15CA (Part A, B, C, D), exempt list of 33 transactions, when Form 15CB by a chartered accountant is mandatory, and the bank's documentation requirements.
Composition Scheme under section 10 of the CGST Act 2017. ₹1.5 crore turnover cap for traders and manufacturers, ₹50 lakh for services. Quarterly CMP-08 plus annual GSTR-4. When the scheme saves tax, when it costs more, and how to opt in or opt out.
Updated Return (ITR-U) under section 139(8A) of the Income-tax Act 1961. Available for FY 2022-23 onwards, four-year window, additional tax of 25 per cent if filed within 12 months, 50 per cent within 24 months, 60 per cent within 36 months, 70 per cent within 48 months.
MSME classification under the Micro, Small and Medium Enterprises Development Act 2006, as amended. Investment + turnover composite criterion, Micro / Small / Medium bands, Udyam registration process, 45-day payment protection under section 15, priority sector lending, and tax benefits.
Quarterly TDS Return filing for Q4 of FY 2025-26 is due 31 May 2026. Form 24Q (salary), 26Q (other deductees), 27Q (non-residents), 27EQ (TCS). Late fee under section 234E, interest under section 201, and the practical workflow for getting the return clean on the first pass.
Q1 advance tax under section 211 of the Income-tax Act 1961 is due 15 June 2026. 15 per cent of the estimated annual tax liability, the 234B and 234C interest calculations, the businesses that often miss it, and the BSR challan ITNS 280 process.
Annual DIR-3 KYC compliance for directors in India. The 30 September 2026 due date, Form DIR-3 KYC vs DIR-3 KYC-WEB, the ₹5,000 reactivation fee for deactivated DINs, and the document mismatches that trigger MCA rejection.
India entry structure decision framework for foreign companies in 2026. Liaison office (LO) vs branch office (BO) vs wholly owned subsidiary (WOS) compared on permitted activities, FEMA approvals, taxation, repatriation, and the practical setup timeline.
ITR form selection for AY 2026-27. Income thresholds, capital gains exclusions, business income tests, the section 139(9) defective return notice, and the practical decision tree we use for individual filers.
The simplified GST registration scheme under Rule 14A of the CGST Rules 2017, effective 1 November 2025. Three-day registration window, Aadhaar authentication mandate, ₹2.5 lakh monthly B2B output tax cap, and how it differs from the standard Rule 8 process.
TDS on rent for FY 2026-27 under the Income-tax Act 1961. Section 194-I for businesses paying rent above ₹2.4 lakh per year, section 194-IB for individuals and HUFs paying rent above ₹50,000 per month, the Form 26QC filing, and the common compliance gaps.
Aadhaar-PAN linking under Section 139AA. The ₹1,000 late fee, 30-day reactivation window, NRI and non-resident exemptions, refund withholding, higher TDS under Section 206AA, and the operational reset for every individual taxpayer.
Section 50AA explained for FY 2025-26. The April 2023 rule for debt-oriented funds, the April 2025 35 percent equity threshold rule, impact on hybrid and arbitrage funds, indexation removal, and the portfolio re-architecture for Indian retail investors.
Comprehensive guide to Corporate Social Responsibility under Section 135 of the Companies Act, 2013 for FY 2025-26 covering the 2 percent of average net profit computation, Schedule VII permitted activities, the Form CSR-1 registration requirement for implementing agencies, and the impact assessment and unspent CSR account workflow.
Comprehensive guide to Director Identification Number deactivation under Rule 12A of the Companies Rules, the DIR-3 KYC compliance window, the DIR-5 surrender route, the restoration workflow including the five thousand rupee fee, and the downstream impact on board attendance and ROC filings.
Comprehensive guide to Form 15CA and 15CB filing under Section 195 of the Income Tax Act and FEMA, covering the Part A, B, C, and D classification, the chartered accountant certificate threshold of five lakh rupees, the banker verification protocol, and the documentation discipline that prevents rejected remittances at the AD bank.
GST e-invoicing threshold lowered to ₹5 crore from October 2023. Complete walk-through of IRN generation, the INV-01 schema, IRP integration, Section 122 penalties, and the compliance architecture for mid-market businesses.
Comprehensive guide to GSTR-2B reconciliation under the GST regime covering the difference between GSTR-2A and GSTR-2B, the 14-day cut-off for supplier filings, the Rule 36(4) provisional ITC restriction, the GSTR-1A amendment workflow, and the mismatch resolution discipline every recipient must run before GSTR-3B filing.
Nidhi Company versus Section 8 Company. Nidhi Rules 2014 (200 members minimum, ₹10 lakh NOF), Section 8 of Companies Act 2013 charitable license, FCRA implications, tax treatment, and the structural choice for NGO or mutual benefit vehicle promoters.
Overseas Direct Investment (ODI) compliance under the FEMA Master Direction on Overseas Investment 2022. Section 6(3) FEMA, automatic versus approval route, Form FC-ODI filing workflow, Schedule II restricted activities, and the annual APR cycle.
Old versus new income tax regime for AY 2026-27. Section 115BAC default new regime, slab comparison, deductions allowed and disallowed, break-even salary brackets, election timing, and the right call by salary band.
Comprehensive guide to PF withdrawal taxation under Section 192A of the Income Tax Act covering the 5-year continuous service threshold, the 10 percent TDS rate, Form 15G eligibility, the PAN linkage requirement, and the employee-side documentation that prevents over-withholding at the EPFO claim stage.
Professional tax slab comparison Maharashtra, Karnataka, Tamil Nadu, West Bengal. Employer registration, employee enrolment, monthly versus annual filing cadence, penalties under state PT Acts, and the multi-state payroll reset.
Comprehensive guide to RERA Form 3 quarterly reporting and the Section 4 of the Real Estate (Regulation and Development) Act, 2016, covering the 70 percent escrow account requirement, the chartered accountant certification protocol, the architect and engineer certificates, and the project-bank-account workflow every promoter must run.
Form INC-22A ACTIVE explained. Director and shareholder address verification, photograph requirements, ₹10,000 late fee, the ACTIVE-non-compliant tag, and dormant company status implications under the Companies Act 2013.
ICAI SA 320 materiality framework for FY 2025-26 statutory audits. Planning materiality, performance materiality, clearly trivial threshold, qualitative factors, common auditor judgment errors, and the audit documentation reset.
Comprehensive guide to the SEBI (Prohibition of Insider Trading) Regulations, 2015, covering the Unpublished Price Sensitive Information definition, the designated person and connected person framework, the Regulation 9 code of conduct, and the Regulation 5A trading plan route for pre-cleared trading by insiders.
Comprehensive guide to the Section 80-IAC startup tax holiday under the Income Tax Act, 1961, covering the 100 percent deduction for any 3 consecutive assessment years out of 10, the DPIIT recognition eligibility, the one hundred crore rupees turnover cap, the eligible business test, and the inter-corporate dividend and MAT trade-offs that every founder should weigh before claiming.
Comprehensive guide to Section 80G deductions covering Form 10BE issuance, the 10 percent qualifying limit on gross total income, eligible institution categories, the cash donation ceiling of two thousand rupees under Section 80G(5D), and the CPC matching protocol that disallows undocumented claims.
Comprehensive guide to stock audits commissioned by lender banks under the RBI Master Direction on Loans and Advances and Section 138 of the Companies Act, covering the quarterly audit cycle, the drawing power computation, the inventory verification methodology, common audit findings, and the borrower-side workflow that prevents working-capital limit cuts.
Nice Classification 12th edition for Indian trademark filings. 45 class structure, common multi-class filings for D2C brands, examination report objections under Section 11 and Section 12 of the Trade Marks Act 1999, and the class-selection workflow.
AIS and TIS reconciliation before ITR filing FY 2025-26. Common mismatches in mutual funds, foreign income, dividends. Feedback workflow and ITR-U 4-year window.
DIR-3 KYC FY 2025-26 deadline 30 September 2026. Who files, DIR-3 KYC Web versus full form, mobile OTP mechanics, DIN deactivation, and KAMRIT bulk-file workflow.
EPF withdrawal rules 2026. Form 19 versus Form 31 versus Form 10C, UAN auto-settlement, partial withdrawal heads, 75 percent rule under 2022 amendment, taxability if PF service is under 5 years.
FC-GPR filing within 30 days of share allotment to a non-resident. FIRMS portal, KYC of remitter, valuation certificate, FIRC, CS certificate, and the ₹7,500 compounding starting fee.
GSTR-9 and 9C filing for FY 2024-25. ₹2 crore optional threshold, ₹5 crore 9C threshold, self-certification, table-wise reconciliation, and common audit observations.
ICFR for unlisted companies under Section 143(3)(i). Distinction from listed SOX-style ICFR, ICAI Guidance Note 2014 framework, risk-and-control matrix, common gaps, sample controls.
LTCG and STCG holding periods after Budget 2026. 12 months for listed securities, 24 months otherwise, STCG at 20 percent, LTCG at 12.5 percent, Section 50AA debt MF, grandfathering for property.
Madrid Protocol filing from India through MM2 on the IPO portal. Base application requirement, WIPO designation fees in CHF, India outbound filings up 38 percent in 2025, 18-month examination.
OPC versus LLP for solo founders in 2026. Paid-up cap, FDI eligibility, audit thresholds, tax rates under 115BAA and slab regime, conversion triggers, and the right choice by use case.
Section 194-IB TDS at 5 percent on rent above ₹50,000 per month. Form 26QC filing on TIN-NSDL, end-of-tenancy mechanics, penalty exposure, and how 194-IB differs from 194-I.
Section 17(5) of the CGST Act blocks input tax credit on seven specified categories. Complete analysis of each category, the Safari Retreats Supreme Court ruling, common errors, GSTR-3B reversal mechanics, and the audit-defence framework.
India's FDI Policy Amendment 2026 introduces a 10% beneficial-ownership carve-out under Press Note 3, defines beneficial ownership under PMLA 2005, and mandates 60-day approval timelines for specified manufacturing sectors. Complete analysis from KAMRIT.
Section 43B(h) disallows payments to MSME suppliers beyond the 45-day window. Complete analysis of the trigger, scope, exemptions, AY 2024-25 reporting, vendor classification methodology, and the operational reset for buyers.
Three months after Budget 2026, which sectors have benefited most from the new MSME definition. Operational guidance for businesses qualifying or losing MSME status.
CBDT May 2026 circular on TDS: section-wise clarifications, applicability dates, and the practical CFO checklist for Indian businesses.
FSSAI 2026 fortified-foods notification: revised labelling, health-claim rules, and FSSAI licence amendments for processed-food businesses.
May 2026 GST Council decisions explained: rate moves, ITC changes, e-invoicing thresholds, and the practical action items for Indian businesses this week.
GSTIN cancellation and revival in 2026 explained: suo motu cancellation, REG-21 revival, late fees, and how to defend against wrongful cancellation.
ICAI revised SA-700 audit report standard explained: new sections, KAM disclosure changes, and the practical impact on Indian statutory audits.
Three sectors that moved to automatic FDI route in May 2026. What this means for global enterprises planning India entry, and the FEMA reporting that still applies.
May 2026 FDI notification implications for global SaaS entering India. Entity choice, GST on cross-border services, GTM channel decisions.
CGTMSE 2026 update: revised cover limits, guarantee fees, and the practical impact on MSME borrowing economics with PSU and private banks.
How to file ITR early in FY 2025-26 and get your refund within 21 days. Common mistakes that delay refunds, document checklist, and KAMRIT processing.
MCA May 2026 notification explained: enhanced disclosure rules for DPIIT-recognised startups, AOC-4 changes, and the operational impact on Indian companies.
SEBI May 2026 AIF disclosure rules: PPM amendments, valuation cadence, and the practical compliance checklist for category I, II, and III funds.
India-US transfer pricing for SaaS, services, and IP entities in 2026. Cost-plus mark-ups, contemporaneous documentation, Form 3CEB, and US disclosures.
Complete 2026 guide to Private Limited Company registration in India. MCA name approval, MOA & AOA, PAN, TAN, GSTIN, fees, and timeline.
A note on what we will publish here, and what we will not.
A practical comparison of Private Limited Company and LLP for Indian startups in 2026. Tax, compliance, FDI, fundraising, and exit considerations.
One Person Company (OPC) registration in India 2026. Eligibility, nominee rule, conversion to Pvt Ltd, tax, and compliance.
Section 8 Company registration in India for NGOs and not-for-profits. Procedure, 12A and 80G registration, FCRA, and compliance.
Total cost of starting a business in India in 2026. Government fees, professional fees, GST, TDS, audit, and ongoing compliance costs by entity type.
How to apply for GST registration in India in 2026. Threshold, voluntary registration, document checklist, GSTN portal, and timelines.
Difference between GSTR-1 and GSTR-3B, due dates, late fees, and reconciliation tips for Indian businesses in 2026.
GST refund for exporters in India 2026. Refund of unutilised ITC, IGST refund on exports, document checklist, and timelines.
How to respond to a GST scrutiny notice in form ASMT-10. Deadline, format, common defects, and how KAMRIT can defend.
E-invoicing applicability in India 2026. Turnover threshold, IRN generation, QR code, and consequences of non-compliance.
Complete reference for place of supply rules under GST in 2026. Goods, services, exports, imports, and intermediary services.
How to file your ITR for FY 2025-26 in India. Form selection, deductions, capital gains, advance tax, and refund timelines.
Comparison of the new and old income tax regimes for FY 2025-26 in India. Slabs, exemptions, deductions, and break-even.
Section-wise TDS rates for FY 2025-26 in India. 192, 194A, 194C, 194H, 194I, 194J, 194Q, 194R, 195, with thresholds and exemptions.
Capital gains tax in India for FY 2025-26. LTCG and STCG rates, holding periods, indexation rules, and exemptions.
How to maximise Section 80C deductions in India for FY 2025-26. PPF, ELSS, NSC, life insurance, home loan principal, and tuition fees.
How to read and respond to an income tax intimation under Section 143(1) in India. Common types, deadline, and rectification.
AOC-4 filing in 2026. Due date, attachments, board approval, late fee, and how to file on the MCA portal.
MGT-7 and MGT-7A filing in 2026 for Indian companies. Due date, contents, certifying CS, late fee, and compliance.
DIR-3 KYC and DIR-3 KYC Web in 2026. Who must file, deadline, fees, and consequences of missing.
How to strike off a defunct company in India. STK-2 application, eligibility, documents, fees, and timelines.
Trademark search, classes, application, examination, opposition, and registration in India 2026. Costs and timelines.
Trademark classes in India explained. Nice classification, multi-class filing, and how to choose the correct class.
How to reply to a trademark examination report objection in India. Section 9, Section 11, similar marks, and supporting evidence.
Difference between copyright and trademark in India. When you need one, the other, or both.
FDI rules in India 2026. Sectoral caps, automatic vs approval route, pricing guidelines, and FC-GPR reporting.
FC-GPR filing for share allotment to non-residents under FEMA. Timeline, KYC, valuation certificate, and filing on the RBI portal.
Compare branch office, liaison office, project office, and subsidiary for foreign companies entering India.
External commercial borrowings (ECB) framework in India 2026. Eligible borrowers, recognised lenders, all-in-cost, end uses.
Section 44AB tax audit applicability in India 2026. Turnover thresholds, due dates, Form 3CD, and penalties.
Statutory audit checklist for Indian companies for FY 2025-26 under the Companies Act 2013. Areas to cover, documents to keep.
Provident Fund compliance for Indian businesses 2026. Wage threshold, ECR filing, employer share, and penalties.
ESI Act compliance in India 2026. Wage threshold, registration, monthly return, and benefits.
Professional tax in India 2026: state-wise rates, slabs, due dates, and registration for employers and self-employed.
LLC vs C-Corp for Indian founders incorporating in the USA. Tax treatment, fundraising, BOI, and Form 5472 implications.
Form 5471 CFC reporting for Indian residents who own a US C-Corp. Categories of filers, schedules, and penalties.
How to apply for a US ITIN from India in 2026. W-7 form, supporting documents, certifying acceptance agents, and timeline.
How to obtain a US EIN without an SSN, from India. SS-4 form, fax/mail process, third-party designee, and timelines.
Beneficial Ownership Information (BOI) reporting under the Corporate Transparency Act in 2026. Who files, deadlines, penalties.
Delaware vs Wyoming LLC for Indian founders 2026. Privacy, franchise tax, court system, and registered agent considerations.
US-India transfer pricing for Indian SaaS, services, and IP companies. Arms length, contemporaneous documentation, Form 3CEB, US 5471 implications.
India market entry playbook for global SaaS companies in 2026. FDI route, GST on cross-border services, pricing, and channel.
Pre-feasibility vs feasibility study explained. What each contains, when to commission each, and how KAMRIT runs them.
30-item India entry checklist for global founders 2026. From FDI sector check to first GST return.
How to register a Private Limited, LLP, or OPC in Delhi in 2026. Local fees, MCA Delhi office, and ongoing compliance.
How to choose a GST consultant in Mumbai 2026. What good GST advisors do, fees, and red flags.
How to register a company in Noida 2026. UP-specific fees, professional tax, and operating from Sector 2.
How to evaluate CA firms in Bengaluru 2026. Specialisation, fee structure, partner accountability, and red flags.
Trademark registration in Hyderabad 2026. Local registry, classes, and operating with KAMRIT.
How to get DPIIT recognition for Bengaluru startups in 2026. Eligibility, benefits, application, and tax holiday.
Budget 2026 changes that affect Indian MSMEs and startups. Tax slabs, GST tweaks, MSME definition, and credit programs.
GST rate changes in 2026 by HSN/SAC. What changed, effective date, and the practical impact on pricing.