ICAI notifies phased financial reporting norms for LLPs, non corporates; Rs 5 crore threshold kicks in FY26

(0)
News

New guidance notes to standardise financial statements beyond companies; full applicability from FY27.

Leave a Reply Cancel reply

Income tax portal revamp: 7 key links every taxpayer must check now
Income tax portal revamp introduces new forms, integrated payment module and essential quick links, helping taxpayers in the nation navigate tax frameworks, ensure compliance and simplify filing for assessment year 2026-27.
PAN card application rules changed from 1 April: List of documents you must submit now
The government introduced new PAN application rules from 1 April, mandating additional documentation and updated forms. Here's everything you need to know.
Did you know EPF once offered 12%? A look back at historical returns as govt clarifies on interest rate hike demand
Historical EPF interest rates in India highlight periods of high 12% returns and current 8-8.5% levels, helping subscribers evaluate fund performance and make informed retirement investment decisions.
Big change in gratuity rules: Eligibility cut to 1 year of service from 5 years — but there’s a catch
The new labour codes allow gratuity eligibility after one year of service, down from five. Effective from 21 November 2025, this applies only to a certain category of employees. Details here.
Market shifts: Where smart money is flowing in volatile markets now.
While experts give guidance on investments, we look at investment instruments attracting inflows.
Filing Income Tax gets easier as CBDT rolls out AI-assisted website: Kar Saathi — What you need to know
The Income Tax Department has launched the user-friendly website 'Kar Saathi' to centralise Direct Tax information. It features an AI chatbot for 24/7 taxpayer support. 
UPI hits record high in March 2026: 5 tips to stay protected during digital transactions
UPI transactions hit a record high in March 2026, underscoring the rapid growth of digital payments. This reinforces the importance of following security tips to protect money and ensure safe, seamless financial transactions nationwide.
Stock market turbulence: Why US-Iran war is a wake-up call for diversification, asset allocation
Market turbulence of this nature is not just about losses; it’s a wake-up call. Investors who once ignored diversification are now actively searching for assets that can withstand such uncertainty. But the reality is more nuanced.
Why your credit card is not a tool for investing or debt repayment
Credit cards promise ease and rewards, but RBI rules draw sharp lines on their use. From travel and gadgets to rent, insurance and investing, here’s what’s allowed—and what isn’t.
Rising inflation, rising credit demand: Can AI manage the risk?
Rising inflation is increasing reliance on credit. AI is helping lenders spot risk early and manage it better.

ICAI notifies phased financial reporting norms for LLPs, non corporates; Rs 5 crore threshold kicks in FY26

Leave a Comment

Leave a Reply Cancel reply