Reporting Without Regulating: India Adopts the OECD’s Crypto Framework, But the Law Underneath It Remains Unfinished
On 24 July 2026 the Central Board of Direct Taxes released a 198-page Guidance Note on crypto-asset reporting obligations. It is a serious, carefully drafted document, and it marks the moment India formally operationalized the OECD’s Crypto-Asset Reporting Framework (CARF) through section 509 of the Income-tax Act, 2025, Rules 241 to 244 of the Income-tax […]
Authorised Economic Operator (AEO) Programme
AEO is a programme under the aegis of the World Customs Organization (WCO) SAFE Framework of Standards to secure and facilitate Global Trade. The programme aims to enhance international supply chain security and facilitate movement of legitimate goods. Under this programme, an entity engaged in international trade is approved by Customs as compliant with supply […]
Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS)
SPECS is a scheme which comes as a substitution of erstwhile Modified Special Incentive Package Scheme (MSIPS) intended to promote manufacturing of core electronic goods in India. As compared to MSIPS, the product coverage under SPECS is limited to the core electronic components while the incentives under the scheme remains intact. The more details of […]
Production Linked Incentive (PLI) – Food Processing
PLI Scheme – Overview Government of India (GOI) has approved a new Central Sector Scheme – “Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)” for implementation during 2021-22 to 2026-27 with an outlay of Rs. 10,900 crore. The objective of the scheme is to support the creation of global food manufacturing champions; promote Indian […]
Finance Act 2021
Attached is the copy of Finance Act 2021 as approved by both houses and received accent of the President.
Faceless Assessment – A gamechanger in Income tax litigation!
Challenges faced by taxpayer Bulky submission and documentation to be prepared and submitted to tax authorities Liaising with the jurisdictional assessing officer Differences of opinions with the tax authorities while making representations Presenting skilled arguments to resolve the tax matters or issues Our Offerings Assistance in communicating with National eAssessment Centre ( NeAC) Reviewing the past year returns for assessing and preparing the representation to be […]
Cabinet approves PLI Scheme (10 Key Sectors) & Financial support to PPP in Infrastructure
Today, the Union Cabinet has passed the production linked incentive (PLI) for 10 key critical industry sectors. The total budget outlay of the incentive is INR 145980 Crores to be spent over a period of 5 years. Out of the total outlay over one-third outlay is planned for Automobile sector which will definitely give more […]
GST Notifications – 11.10.2020
Notification No. 81/2020 In exercise of the powers conferred by clause (b) of sub-section (2) of section 1 of the Finance (No. 2) Act, 2019 (23 of 2019), the Central Government hereby appoints the 10th day of November, 2020, as the date on which the provisions of section 97 of the said Act shall come […]