Knowledge Centre

Reading and references for Indian businesses

Compliance briefings written by our team, and direct links to the government portals you file on. Everything here is kept in one place so you are not hunting for it when a deadline is close.

Articles & compliance briefings

Detailed write-ups on the provisions our clients ask about most, across direct tax, insolvency and MSME compliance. Each one opens as a PDF you can read, print or forward.

IBC (Amendment) Act, 2026 — what changes for creditors and corporate debtors

A section-by-section walkthrough of Act No. 6 of 2026, which received presidential assent on 6 April 2026 and amends more than seventy sections of the Insolvency and Bankruptcy Code. Covers the new creditor-initiated resolution process under Chapter IV-A, the group insolvency framework in Chapter VA, cross-border insolvency under Section 240C, the extension of Committee of Creditors supervision into liquidation, the mandatory fourteen and thirty day timelines now binding on the adjudicating authority, the widened avoidance-transaction regime with direct rights for creditors, and the replacement of the criminal provisions in Sections 74 and 76 with civil penalties.

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Reassessment under income tax — the old law, the new regime and the 2025 Act

How reopening has evolved from Kelvinator and GKN Driveshafts through the Finance Act 2021 framework: the shift from “reason to believe” to information which suggests escapement, the Section 148A show-cause procedure, the faceless collection route under Section 135A and where it displaces 148A, and the revised time limits and approval matrix. Includes a mapping of each provision to its equivalent in the Income Tax Act 2025, and a twenty-point checklist for testing a reopening notice, supported throughout by decided case law.

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CBDT guidelines for compulsory scrutiny of returns — FY 2026-27

A breakdown of the CBDT's guidelines for compulsory selection of returns for complete scrutiny in FY 2026-27, covering all six mandatory categories — survey cases, search and requisition cases, Section 148 notices, charitable institution registration matters, recurring assessment additions and specific evasion information — plus the procedure for selection, approval and case transfer, and the 30 June 2026 deadline for Section 143(2) notices.

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MSME Act — key compliances every buyer should know

Payment timelines, interest liability and mandatory disclosures under the Micro, Small and Medium Enterprises Development Act, 2006. Covers Section 15 payment obligations, Section 16 interest on delay, Section 22 disclosures in financial statements, Schedule III ageing, and the Section 43B deduction link — with worked examples for buyers, companies and LLPs.

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Our team publishes new briefings through the year. If there is a provision you would like covered, tell us and we will look at it for the next one.

Important government links

Direct access to the filing and regulatory portals you use every day. Each opens in a new tab.