H K Davra & Co. Income Tax Reassessment Time Limits: Section 148 and Sections 279-282 of the New Act A return is filed, taxes are paid and the year appears closed. Several years later, a notice arrives proposing to reopen that year because income is believed to have escaped assessment. For many taxpa... Income Tax Reassessment Tax Notice 01-Apr-2026 Income Tax
H K Davra & Co. Deemed Dividend under Section 2(22)(e): When a Loan from a Company Becomes Taxable Income In a closely held company, funds often move between the company and its promoters as a matter of convenience: an advance to a director to buy a house, a loan to a sister firm, or a payment of a shareh... Closely Held Companies Deemed Dividend Income Tax 24-Feb-2026 Income Tax
H K Davra & Co. Sustainability of Earnings in Due Diligence: Testing Growth, Margins and Cash for the Future Almost every due diligence, whatever the sector or deal size, eventually arrives at the same question: is this performance sustainable? Investors pay for future cash flows, not past profits. Historica... Due Diligence Financial Due Diligence Sustainable Earnings Valuation 22-Feb-2026 Due Diligence
H K Davra & Co. TDS Default Disallowance for Non-Resident Payments: Section 40(a)(i), Now Section 35(b)(ii) Many taxpayers are surprised when a business expense that is fully supported by an invoice, a contract and a bank payment is disallowed in assessment. The expense is not in doubt. The service was rece... Income Tax Non-Resident Payments TDS 17-Feb-2026 Income Tax
H K Davra & Co. What Due Diligence Reveals Beyond the Report: Controls, Governance and Management Signals A due diligence report is usually read for its numbers: adjusted EBITDA, net debt, working capital and quantified exposures. Yet much of what an investor learns during the process never appears as a f... Corporate Governance Due Diligence Financial Due Diligence Internal Controls 15-Feb-2026 Due Diligence
H K Davra & Co. Is a Bank Payment Proof of a Genuine Transaction? Income Tax Myth vs Reality A common belief among taxpayers is that once a payment is made by cheque or bank transfer, the transaction is beyond question. The bank statement shows the amount, the date and the counter-party, so w... Bogus Purchases Income Tax Tax Assessment 10-Feb-2026 Income Tax
H K Davra & Co. Related Party Transactions in Due Diligence: Arm's Length, Dependency and Standalone EBITDA In many Indian mid-sized companies, the promoter group is woven into daily operations. The factory stands on land owned by a family member, a sister concern buys a large share of output, group staff s... Corporate Governance Due Diligence Financial Due Diligence Related Party Transactions 08-Feb-2026 Due Diligence
H K Davra & Co. Units Issued to Employees of an AIF Manager: Profit-Sharing Units and Minimum Investment Rules Alternative Investment Funds (AIFs) are built on minimum investment thresholds: an investor typically commits at least ₹1 crore. At the same time, fund managers want their investment professionals to ... AIF Employee Incentives Fund Governance SEBI 04-Feb-2026 AIF & Fund Regulation
H K Davra & Co. Capital Introduction and Source of Funds: Proving "My Own Money" under Section 68 (Section 102) "This is my own money" is one of the most common explanations given in income-tax assessments. It is offered when a proprietor introduces capital, when a partner contributes funds to a firm, when cash... Income Tax Source of Funds Tax Assessment 03-Feb-2026 Income Tax
H K Davra & Co. Change in Category of an AIF: Conditions, SEBI Process, Fees and Investor Protection The category in which an Alternative Investment Fund (AIF) is registered defines its regulatory identity: what it may invest in, whether it may borrow or use leverage, the investment limits it follows... AIF AIF Category Investor Protection SEBI 02-Feb-2026 AIF & Fund Regulation
H K Davra & Co. EBITDA Normalisation in Due Diligence: Key Adjustments, Ind AS 116 and Adjusted EBITDA In most private company transactions the price is expressed as a multiple of EBITDA. That makes every EBITDA adjustment a price negotiation in disguise: at an 8x multiple, an adjustment of ₹50 lakh ch... Due Diligence EBITDA Financial Due Diligence Valuation 01-Feb-2026 Due Diligence
H K Davra & Co. Changes in PPM of an AIF: Annual Intimation to SEBI and Why a Yearly Review Matters The private placement memorandum (PPM) of an Alternative Investment Fund (AIF) is written before the first investor commits. Over the following years the fund's team, service providers, processes and ... AIF Fund Compliance PPM Compliance SEBI 28-Jan-2026 AIF & Fund Regulation