ICAI notifies phased financial reporting norms for LLPs, non corporates; Rs 5 crore threshold kicks in FY26
New guidance notes to standardise financial statements beyond companies; full applicability from FY27.
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CBDT clarifies GAAR grandfathering, but Tiger Global ruling keeps structures under scrutiny
Tax rules clarification limits GAAR on pre 2017 share investments, wider arrangements still open to challenge.
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ICAI defers SQM rollout, continues with existing audit quality control framework
Rollout of Standards on Quality Management (SQMs) put on hold after council review. ICAI said that the existing Standards on Quality Control (SQCs) will continue to remain in force until the new quality management framework is made effective.
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TVS family rift spills into Sundaram Clayton boardroom: Venu Srinivasan takes governance charge, tells Lakshmi to focus on biz
Sundaram Clayton is holding company of TVS Motor.
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Iran war knocks on boardrooms: Corporates stare at a new risk
The threat to corporates cannot be understood in isolation. It sits within a broader expansion of targets that now includes energy facilities, shipping lanes and digital systems. Recent attacks on oil infrastructure and maritime assets in the Gulf highlight how…
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Real GDP growth may slow on costly crude: Credit rating agencies
Icra projected GDP growth at 6.5% in FY27, assuming average crude price remains in excess of $85 a barrel this year, while Care Ratings projected a similar growth on higher average fuel-price assumptions-at $100 per barrel.
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