Today’s key finance, tax & compliance changes for professionals — what changed and why it matters.
Companies Act
I Squared Capital explores India-focused vehicle with upto 5,000 cr corpus
Livemint – Companies · 2026-06-07
I Squared Capital is planning to establish an India-focused investment vehicle with a corpus of up to ₹5,000 crore, targeting sectors like transport and logistics, energy transition, and digital infrastructure. This initiative aims to enhance investment in critical infrastructure and services in India.
Tax
RBI Approval Not Mandatory for Bad Debt Deduction on Foreign Receivables: ITAT Grants Relief of ₹2.91 Crore [Read Order]
Taxscan · 2026-06-07
The Income Tax Appellate Tribunal (ITAT) ruled that compliance with the Foreign Exchange Management Act (FEMA) is not a prerequisite for claiming bad debt deductions under the Income Tax Act, 1961. This decision allows taxpayers to claim deductions for bad debts related to foreign receivables without needing prior approval from the Reserve Bank of India (RBI). Why it matters: This ruling simplifies the process for taxpayers and may enhance cash flow for businesses facing bad debts from foreign clients.
Tax
Capital gains taxation of hybrid funds: How different types of hybrid funds are taxed?
Livemint – Money · 2026-06-07
The taxation of capital gains for hybrid funds is contingent upon their equity and debt investment ratios. Different types of hybrid funds, based on their portfolio allocations, will face varying tax treatments for capital gains. This distinction is crucial for investors to understand their tax liabilities accurately.
Tax
Silver ETFs delivered a 50%+ 3Y CAGR. What does the gold-silver ratio show now?
Livemint – Money · 2026-06-07
The gold-silver ratio has decreased significantly from a 52-week high of 94.5 to 60.7, indicating a shift in the valuation of silver relative to gold. This change may influence investment strategies in precious metals, particularly for those considering silver ETFs, which have shown strong performance with a 50%+ CAGR over three years. Why it matters: This trend could affect tax implications for investors in silver and gold assets, making it essential for finance professionals to reassess their investment strategies.
IBBI
IBBI Requires Personal Guarantors to Disclose All Assets in Insolvency Cases [Read Notification] – Taxscan
IBBI (Google News) · 2026-06-06
The Insolvency and Bankruptcy Board of India (IBBI) has mandated that personal guarantors involved in insolvency proceedings must disclose all their assets. This requirement aims to enhance transparency and ensure that creditors have a complete view of the guarantor’s financial position during the insolvency process.
IBBI
Formats under IBBI (Voluntary Liquidation Process) Regulations, 2017
TaxGuru – Notifications/Circulars · 2026-06-06
The Insolvency and Bankruptcy Board of India (IBBI) has introduced standardized formats for various documents required under the Voluntary Liquidation Process Regulations, 2017. These formats include claims, compliance certificates, public announcements, and other filings, aimed at enhancing transparency and consistency in the liquidation process. Why it matters: This development will aid Chartered Accountants and finance professionals in ensuring compliance and streamlining the voluntary liquidation process.
IBBI
Formats under IBBI (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019
TaxGuru – Notifications/Circulars · 2026-06-06
The Insolvency and Bankruptcy Board of India (IBBI) has introduced standardized formats for written consent by Bankruptcy Trustees and proxy appointments by creditors under the Bankruptcy Process for Personal Guarantors to Corporate Debtors Regulations, 2019. This initiative aims to enhance transparency and consistency in bankruptcy proceedings. Why it matters: This development will aid Chartered Accountants and finance professionals in ensuring compliance and streamlining processes in bankruptcy cases.
IBBI
Formats under IBBI (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019
TaxGuru – Notifications/Circulars · 2026-06-06
The IBBI has introduced standardized Forms A, B, and C under the Insolvency Resolution Process for Personal Guarantors to Corporate Debtors Regulations, 2019. This initiative is designed to enhance procedural uniformity, transparency, and the efficient administration of claims and creditor meetings in insolvency proceedings. Why it matters: This standardization will streamline processes for finance professionals involved in insolvency cases, improving compliance and operational efficiency.
IBBI
Formats under IBBI (Liquidation Process) Regulations, 2016
TaxGuru – Notifications/Circulars · 2026-06-06
The Insolvency and Bankruptcy Board of India (IBBI) has issued standardized formats for key documents utilized in liquidation proceedings as per the amended Liquidation Process Regulations, 2016. This initiative is designed to improve transparency, consistency, and compliance within the liquidation framework.
IBBI
Formats under IBBI (Pre-packaged Insolvency Resolution Process) Regulations, 2021
TaxGuru – Notifications/Circulars · 2026-06-06
The IBBI has introduced standardized formats for 14 forms under the Pre-packaged Insolvency Resolution Process (PPIRP) Regulations, 2021. This initiative is intended to enhance consistency, transparency, and procedural uniformity in pre-packaged insolvency resolutions, thereby streamlining the process for stakeholders involved.