CA Divyansh Kumar

CA Divyansh Kumar

Divyansh Kumar is a Chartered Accountant qualified from the Institute of Chartered Accountants of India (May 2026) and holds a B.Com (Hons) degree from the University of Delhi. His areas of expertise include Income Tax, GST, DTAA, corporate insolvency, capital markets, and macroeconomic analysis. Through FiscalZenith, he covers Indian tax law, regulatory developments, and corporate case studies with a focus on accuracy and primary source verification.

Reliance Industries: A Case Study on India’s Largest Corporate Empire

From a polyester yarn trading firm founded in 1958 to India's largest company by revenue and market capitalisation. This case study traces Reliance Industries from Dhirubhai Ambani's Chorwad origins through the Jamnagar refinery, the Jio disruption, the family split, the new energy pivot, and the FY26 milestone of becoming the first Indian company to cross $10 billion in annual net profit.

NRI Fixed Deposits: NRE vs NRO vs FCNR in a Falling Rate Environment

India's repo rate has been cut 125 basis points since February 2025 and now sits at 5.25%. NRE deposit rates are sliding. FCNR rates are shaped by global benchmark rates plus RBI-set ceilings. And NRO deposits are taxed at 30% TDS before you see a rupee. This article explains every rule, every tax implication, and every strategic consideration for NRIs deciding where to park their money in 2026.

Understanding a Letter of Credit: How India’s Exporters Get Paid and Where It Goes Wrong

A letter of credit is the most secure payment instrument in international trade, yet between 60 and 80 percent of documents presented under LCs are rejected on first presentation. This article explains the complete LC mechanism, every party's role, the UCP 600 rules that govern it, India's FEMA and RBI compliance layer, the six most common discrepancies that delay payment, and how exporters can protect themselves.

Tax Audit Under Section 63 of the Income Tax Act 2025: Complete Guide

A tax audit under Section 63 of the Income Tax Act 2025 is mandatory for businesses crossing Rs. 1 crore in turnover (or Rs. 10 crore for businesses with under 5% cash transactions) and professionals above Rs. 50 lakh in gross receipts. Missing the 30th September deadline attracts a fee of up to Rs. 1,50,000.