MKPS Publications & Thought Leadership

India's Micro, Small and Medium Enterprises (MSMEs) form the backbone of the country's economy, yet many businesses continue to face challenges in meeting evolving regulatory and compliance requirements. Recognising this gap, the Ministry of Corporate Affairs (MCA) has introduced the Corporate Mitra Scheme, a collaborative initiative involving the Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI), and the Institute of Cost Ac

The labour landscape is changing significantly in 2026 with the introduction of new labour codes. These changes affect how businesses manage compliance, payroll, and employer responsibilities. Understanding these updates is essential for companies to avoid penalties and maintain smooth operations. This guide breaks down the key requirements and practical steps businesses need to take under the new framework. !Eye-level view of a business owner reviewing payroll documents at a

Taxpayers across the country have recently seen a surprising trend: income tax demands from years ago are reappearing in their mailboxes. Notices related to tax assessments from a decade or more past are resurfacing, often accompanied by interest charges and penalties. This unexpected development has caused confusion and concern among many taxpayers who believed their tax matters from those years were settled. Understanding why these old demands are coming back and what steps