"Shravan Suratwala |Chartered Accountant, Dip IFRS(ACCA UK), B.Com. |GST (Cert.) Shravan has 10 plus years of post-qualification professional experience in advisory, litigation and compliance areas of Corporate and International taxation. He has also worked three plus years in the field of Internal and Process Audit during his internship. Shravan has worked with multinational and reputed firms like Deloitte, SKP and Kirtane & Pandit across levels and also was a part of Direct Tax Committee of The Institute of Chartered Accountants of India."
The government introduces unified safe harbours, faster APAs, and reduced litigation burdens to enhance certainty for multinational enterprises.
Budget 2026 introduces a six-month window to regularise undisclosed foreign assets with reduced penalties and immunity under the Black Money Act.
TAN requirement removed and PAN-based challan introduced for resident buyers purchasing property from non-residents, easing compliance procedures.
The new rules increase duty-free allowances by 50% and shift gold jewellery to a weight-only system, replacing value caps under the 2016 framework.
Explore the eligibility, modes, and compliance obligations under FEMA for Indian entities investing abroad, ensuring regulatory adherence and risk management.
The guidance highlights that mismatches in turnover, ITC, or tax liability between books and returns can trigger audits and demands.
India’s Supreme Court clarified that MFN benefits under DTAAs require a government notification and are limited to OECD membership at treaty signing, rejecting automatic extension claims by countries like Switzerland and France.
This explains when investment values must be written down under AS 13 and Ind AS, and why recognising impairment is essential for accurate financial reporting.
Learn the correct accounting treatment, income tax implications, and GST rules when selling or scrapping Plant, Property, and Equipment, with practical illustrations for businesses.
Overview of ICAI’s guidance note on preparing financial statements for non-corporate entities, including applicability of AS and standardized formats.
