Section 68 of the Income Tax Act: Unexplained Cash Credits, the 3-Test Rule and Section 102 of the New Act Every year, thousands of taxpayers receive additions in their assessment orders for one simple reason: they could not prove where the money in their books came from. Section 68 of the Income-tax Act, ... Direct Tax Income Tax Section 102 Section 68 Unexplained Credits 06-Jan-2026 Income Tax
H K Davra & Co. Sponsor and Manager Commitment in AIFs: Minimum Corpus Lock-in and Continuing Interest Rules Many Alternative Investment Fund (AIF) schemes reach their first close with the help of the sponsor or the investment manager. External commitments fall slightly short of the minimum corpus, and the s... AIF Fund Compliance SEBI Sponsor Commitment 05-Jan-2026 AIF & Fund Regulation
H K Davra & Co. Financial Due Diligence in India: Scope, Process and How Findings Change the Deal Price A set of audited financial statements tells an investor what the business reported. It does not tell the investor whether those profits will recur, whether the cash is really there, or which obligatio... Corporate Finance Due Diligence Financial Due Diligence M&A 04-Jan-2026 Due Diligence
H K Davra & Co. First Close in AIFs: SEBI's 12-Month Deadline, Consequences and Compliance Checklist For a new Alternative Investment Fund (AIF) scheme, getting the placement memorandum (PPM) filed with SEBI is only the start. The scheme must then raise enough commitments to declare its first close ,... AIF First Close Fund Compliance SEBI 31-Dec-2025 AIF & Fund Regulation