Day: March 13, 2026

Since TDS statements are filed on a quarterly basis, the computation of limitation for treating assessee in default u/s 201 (3) operate quarter-wise – High Court In a recent judgment, Hon’ble High Court has held that scheme of TDS compliance and rules treats each quarter as a separate …

Pillar Two model rules – MCA has notified the Companies (Accounting Standards) Amendment Rules, 2026 to amend Accounting Standard (AS) 22 Taxes on income. It has been provided that the Accounting Standard applies to taxes on income arising from tax law enacted or substantively enacted to implement the …