@mudraforge/statutory 2.11.0 → 2.12.1

package/docs/CA_PILOT_BENCHMARK_CASES.md

@@ -0,0 +1,282 @@
+# MudraForge Statutory Engine — CA Pilot Benchmark Cases & Real Traces
+
+> **Document Type**: Audit Benchmark Suite & Real Execution Traces  
+> **Statutory Substrate**: `@mudraforge/statutory@2.11.0` (Zero-Dependency Deterministic Kernel)  
+> **LLM Advisory Layer**: Sarvam AI `sarvam-105b` (Live Endpoint: `https://api.sarvam.ai/v1/chat/completions`)  
+> **Evaluation Mode**: Multi-Pillar Un-Spoonfed Ingestion + Mathematical Logic Conversion  
+> **Last Updated**: 2026-10-29  
+
+---
+
+## Architecture Overview
+
+This suite validates the complete **MudraForge Dual-Engine Financial Architecture**:
+- **Phase 1: Raw Unstructured AP Query (Input)**: Natural accountant queries with zero spoonfeeding of statutory section numbers.
+- **Phase 2: Deterministic Statutory Substrate (`@mudraforge/statutory`)**: Immutable, mathematical derivation of tax withholdings, MSMED statutory clocks, and balanced general ledger vouchers.
+- **Phase 3: Live Sarvam-105B Advisory Prose (Real API Call)**: Live LLM explanation generated by Sarvam AI's 105-billion parameter reasoning model, translating the engine's determinations into practitioner-grade advisory memos.
+- **Phase 4: Mathematical & Excel Spreadsheet Formulas**: Direct translation of the statutory code logic into standard Excel formulas (`=IF(...)`, `=MAX(...)`, `=MIN(...)`).
+
+---
+
+## Case Study 01: Goods Purchase Cumulative Spend & 60-Day Terms
+
+### Phase 1: Inward Invoice Slip & ERP Ledger Context (Audit Input)
+
+```text
+================================================================================
+                       INWARD TAX INVOICE SLIP
+================================================================================
+SUPPLIER PROFILE:
+  Supplier Name   : Precision Castings Limited
+  Legal Status    : Public Limited Company
+  PAN             : ABCDC1234F  [Constitution: Company ('C')]
+  GSTIN           : 27ABCDC1234F1Z5 (Maharashtra)
+  MSME / Udyam    : UDYAM-MH-03-0019842 (Micro Enterprise)
+  Major Activity  : Manufacturing (NIC 24311: Manufacture of Iron/Steel Castings)
+
+INVOICE & DELIVERY DETAILS:
+  Invoice Number  : INV-2025-0541
+  Invoice Date    : 01-May-2025
+  PO Reference    : PO-2025-0892 (Agreed Contract Terms: Net 60 Days)
+  Delivery / GRN  : 01-May-2025 (Goods Received Note: GRN-4402 - Deemed Accepted)
+
+LINE ITEM BREAKDOWN:
+  Description     : Industrial Ductile Iron Valve Castings (HSN: 732599)
+  Basic Amount    : ₹20,00,000.00
+  IGST (18%)      : ₹3,60,000.00  (Separately stated on invoice)
+  Total Invoice   : ₹23,60,000.00
+
+BUYER ERP INTERNAL LEDGER CONTEXT:
+  Buyer Entity    : Zenith Engineering Pvt Ltd (GSTIN: 24AABCZ1234F1Z1 - Gujarat)
+  Prior FY Turnover: ₹18.50 Crore in FY 2024-25 (Exceeds ₹10 Cr Section 194Q Gate)
+  Cumulative Spend: ₹45,00,000.00 YTD purchases in FY 2025-26 prior to this bill
+                    (Booked on credit basis, net of GST per CBDT Circular 13/2021)
+  PAN Status      : Active and Operative
+  Payment Mode    : Credit in Books of Account (Standard Accounts Payable)
+================================================================================
+```
+
+### Phase 2: Deterministic Statutory Engine Execution (`@mudraforge/statutory`)
+```json
+{
+  "statutesIdentified": [
+    "Section 194Q, Income-tax Act, 1961",
+    "CBDT Circular No. 13 of 2021 (GST Unbundling on Credit Basis)",
+    "Section 15, MSMED Act, 2006 (Statutory 45-Day Cap on Written Agreements)",
+    "Section 43B(h), Income-tax Act, 1961",
+    "Section 288B, Income-tax Act, 1961 (Whole-Rupee Rounding for TRACES Form 26Q)"
+  ],
+  "taxableBaseInr": 1500000,
+  "statutoryRate": "0.1%",
+  "tdsAmountInr": 1500,
+  "paymentCutoffDate": "2025-06-15",
+  "contractualOverride": "Contractual 60-day term is legally void under Section 15 of MSMED Act; statutory cutoff is strictly 45 days from GRN delivery date (15-June-2025).",
+  "generalLedgerVoucher": {
+    "debit": [
+      { "account": "Raw Material Inventory / Expense", "amountInr": 2000000 },
+      { "account": "GST Input Tax Credit (IGST)", "amountInr": 360000 }
+    ],
+    "credit": [
+      { "account": "TDS Payable (Section 194Q @ 0.1%)", "amountInr": 1500 },
+      { "account": "Vendor Accounts Payable (Precision Castings Limited)", "amountInr": 2358500 }
+    ],
+    "totalDebitInr": 2360000,
+    "totalCreditInr": 2360000,
+    "isBalanced": true
+  }
+}
+```
+
+### Phase 3: Live Sarvam-105B Statutory Advisory Prose (Real API Call)
+```text
+• Section 194Q TDS: The aggregate purchase in FY 2025-26 (₹45 L prior spend + ₹20 L basic) exceeds the ₹50 L threshold, so TDS @ 0.1% is payable on the incremental excess (₹15 L). IGST is unbundled per CBDT Circular 13/2021, yielding exact TDS of ₹1,500. Deduct and deposit this amount before releasing payment.
+
+• MSMED Act Section 15 – Credit Term Void: Precision Castings Limited is a Micro Manufacturer; the statute caps the credit period at 45 days. The contractual 60-day term is legally void, and the buyer must settle on or before 15 June 2025 to avoid mandatory compound interest under Section 16 of the MSMED Act.
+
+• Section 43B(h) – Year-End Deduction Impact: Payment beyond the statutory 45-day window makes the basic expense non-deductible for the fiscal year if unpaid by 31 March. To preserve the business deduction, the invoice should be cleared within 45 days.
+```
+
+### Phase 4: Mathematical & Excel Spreadsheet Formulas
+- **TDS Deduction Amount (Whole Rupee Rounding per Section 288B / TRACES Form 26Q)**:
+  ```excel
+  =IF(AND(18.5>10, (4500000+2000000)>5000000), ROUND((MAX(0, (4500000+2000000)-5000000) - MAX(0, 4500000-5000000)) * 0.1%, 0), 0)
+  ```
+- **MudraForge Custom Add-in Formula (`=MF.TDS`)**:
+  ```excel
+  =MF.TDS("194Q", 2360000, 4500000, TRUE, "2025-05-01", 18.5, 360000)
+  ```
+  *(Returns `1500.00`)*
+- **MSMED Statutory Due Date (`=MF.MSME.DUEDATE`)**:
+  ```excel
+  =MF.MSME.DUEDATE("2025-05-01", TRUE, "2025-06-30")
+  ```
+  *(Returns `2025-06-15`)*
+
+---
+
+## Case Study 02: Wholesale Trader Unpaid at Year-End
+
+### Phase 1: Raw Unstructured AP Query (Input)
+```text
+"We have an unpaid bill of ₹8,50,000 from Apex Steel Traders dated 15 January 2025. 
+They provided an active Udyam Certificate showing Micro Enterprise under wholesale trade of metals (NIC 46632). 
+Due to a working capital crunch, we could not clear their dues by 31 March 2025, and finally paid them on 10 April 2025 (85 days from bill date). 
+Will our tax auditor disallow this expense in this year's tax audit, and do we have to pay mandatory compound interest to the supplier?"
+```
+
+### Phase 2: Deterministic Statutory Engine Execution (`@mudraforge/statutory`)
+```json
+{
+  "statutesIdentified": [
+    "Section 43B(h), Income-tax Act, 1961",
+    "Ministry of MSME OM No. 2/1(5)/2021-P&G/Policy dated 02.07.2021",
+    "MSMED Act, 2006 Chapter V"
+  ],
+  "isCoveredBy43Bh": false,
+  "penalInterestApplicable": false,
+  "taxAuditImplication": "Full expense of ₹8,50,000 is 100% ALLOWABLE in FY 2024-25. No reporting required under Clause 22 or Clause 26 of Form 3CD."
+}
+```
+
+### Phase 3: Live Sarvam-105B Statutory Advisory Prose (Real API Call)
+```text
+• Section 43B(h) Trader Carve-Out: The expense falls outside the scope of Section 43B(h) because Ministry of MSME Office Memorandum No. 2/1(5)/2021-P&G/Policy (02.07.2021) expressly excludes wholesale and retail traders (NIC Division 46) from Chapter V of the MSMED Act. Consequently, the full ₹8,50,000 is 100% deductible under Section 37(1) on mercantile accrual basis.
+
+• MSMED Act 2006 – Penal Interest Inapplicable: Because Sections 15 through 25 of the MSMED Act do not apply to traders, delayed settlement of 85 days does not attract mandatory compound interest under Section 16.
+
+• Tax Audit Reporting: The deterministic engine confirms that because the claim is fully allowable and the interest exemption is validated, zero disclosure is required under Clause 22 (MSME interest) or Clause 26 of Form 3CD for FY 2024-25.
+```
+
+### Phase 4: Mathematical & Excel Spreadsheet Formulas
+- **Trader Carve-Out Classification**:
+  ```excel
+  =IF(OR(LEFT(NICCode, 2)="45", LEFT(NICCode, 2)="46", LEFT(NICCode, 2)="47"), "TRADER_EXEMPT_OM_2021", "ELIGIBLE_MSMED")
+  ```
+- **Year-End Accrual Deductibility**:
+  ```excel
+  =IF(TraderExemption="TRADER_EXEMPT_OM_2021", "ALLOWABLE_ACCRUAL", IF(PaymentDate > FYEndDate, "DISALLOWED_43B_H", "ALLOWABLE"))
+  ```
+- **MSMED Section 16 Interest Calculation**:
+  ```excel
+  =IF(TraderExemption="TRADER_EXEMPT_OM_2021", 0, CompoundInterest(Principal, DaysElapsed, 3 * RBIRepoRate))
+  ```
+
+---
+
+## Case Study 03: IT Consultant with Inoperative PAN
+
+### Phase 1: Raw Unstructured AP Query (Input)
+```text
+"We engaged an individual IT consultant, Rajesh Verma, to rebuild our cloud database architecture and backend APIs. 
+He sent an invoice for ₹2,50,000 + 18% GST (₹45,000), total ₹2,95,000 dated 10 June 2025. 
+His PAN is ABCPV9876K, but the income tax portal says his PAN is inoperative because it was not linked with Aadhaar. 
+What tax rate should we deduct from his invoice, and how should this be booked in our accounts?"
+```
+
+### Phase 2: Deterministic Statutory Engine Execution (`@mudraforge/statutory`)
+```json
+{
+  "statutesIdentified": [
+    "Section 194J(1)(b) (Fees for Technical Services - 2%)",
+    "CBDT Circular No. 23 of 2017 (GST Basic Stripping)",
+    "Section 206AA(1)(iii) (Inoperative PAN 20% Floor)",
+    "CBDT Circular No. 3 of 2023 read with Rule 114AAA"
+  ],
+  "baseRatePercent": 2.0,
+  "effectiveRatePercent": 20.0,
+  "tdsAmountInr": 50000,
+  "generalLedgerVoucher": {
+    "debit": [
+      { "account": "Professional & Technical Fees (P&L)", "amountInr": 250000 },
+      { "account": "GST Input Tax Credit (CGST/SGST)", "amountInr": 45000 }
+    ],
+    "credit": [
+      { "account": "TDS Payable (Section 194J / 206AA @ 20%)", "amountInr": 50000 },
+      { "account": "Sundry Creditors / Vendor Payable (Rajesh Verma)", "amountInr": 245000 }
+    ],
+    "totalDebitInr": 295000,
+    "totalCreditInr": 295000,
+    "isBalanced": true
+  }
+}
+```
+
+### Phase 3: Live Sarvam-105B Statutory Advisory Prose (Real API Call)
+```text
+• Rate of Deduction: The applicable TDS rate is 20% under Section 206AA of the Income-tax Act, 1961. An inoperative PAN (not linked with Aadhaar per Circular 3/2023) mandates deduction at the higher penalty floor of 20%, overriding the standard 2% rate under Section 194J(1)(b).
+
+• Tax Base Determination: The TDS of ₹50,000 (20% of ₹2,50,000) is calculated on the basic service fee only. GST of ₹45,000 is excluded from the TDS base per CBDT Circular 23/2017.
+
+• Accounting Entry: Debit Professional Fees (P&L) ₹2,50,000, Debit GST Input Tax Credit ₹45,000 | Credit TDS Payable (Section 206AA) ₹50,000, Credit Vendor Payable ₹2,45,000.
+```
+
+### Phase 4: Mathematical & Excel Spreadsheet Formulas
+- **Base Statutory Rate**:
+  ```excel
+  =IF(ServiceCategory="TECHNICAL_SERVICES", 2%, 10%)
+  ```
+- **Inoperative PAN Penalty Rate**:
+  ```excel
+  =IF(IsPanInoperative="YES", MAX(BaseRate, 20%), BaseRate)
+  ```
+- **Net Withholding Voucher Calculation**:
+  ```excel
+  =ROUND(BasicInvoiceAmount * EffectiveTdsRate, 2)
+  ```
+
+---
+
+## Case Study 04: Long-Pending Freight Dispute
+
+### Phase 1: Raw Unstructured AP Query (Input)
+```text
+"We booked a freight invoice from Delta Logistics on 01 April 2024 for ₹1,18,000 (Freight ₹1,00,000 + 18% IGST ₹18,000) and claimed the ₹18,000 input tax credit in our April GST return. 
+Due to an ongoing dispute over container detention charges, we haven't paid them a single rupee as of 01 November 2024 (7 months elapsed). 
+Do we have to give back the GST credit to the government, is there any interest penalty, and can we take the credit back if we settle the bill later?"
+```
+
+### Phase 2: Deterministic Statutory Engine Execution (`@mudraforge/statutory`)
+```json
+{
+  "statutesIdentified": [
+    "Second Proviso to Section 16(2), CGST Act, 2017 (180-Day Ceiling)",
+    "Rule 37, CGST Rules, 2017 (GSTR-3B Table 4(B)(2) Reversal)",
+    "Section 50(1), CGST Act, 2017 (18% Annual Interest Liability)",
+    "Section 16(4) Re-availment Exception"
+  ],
+  "daysElapsed": 214,
+  "reversalAmountInr": 18000,
+  "interestPayableInr": 1899.62,
+  "gstr3bReportingTable": "TABLE_4_B_2_OTHERS_RECLAIMABLE",
+  "canReclaimOnPayment": true
+}
+```
+
+### Phase 3: Live Sarvam-105B Statutory Advisory Prose (Real API Call)
+```text
+• Mandatory ITC Reversal Triggered: You are statutorily obligated to reverse the ₹18,000 IGST credit under the second proviso to Section 16(2) of the CGST Act, 2017. The invoice dated 01.04.2024 has remained unpaid for 214 days, exceeding the 180-day statutory ceiling.
+
+• Accrual of Interest: Mandatory interest of ₹1,899.62 has accrued and is payable under Section 50(1) of the CGST Act, 2017, calculated at 18% per annum on the reversed amount of ₹18,000 from the date of availment.
+
+• GSTR-3B Reporting: The reversal must be reported in GSTR-3B under Table 4(B)(2) (Others - Reclaimable Reversals).
+
+• Right to Re-avail ITC: Upon eventual resolution of the dispute and payment to the supplier, you can reclaim the ₹18,000 ITC under Table 4(A)(5) and report in Table 4(D)(1) without any time limit under Section 16(4).
+```
+
+### Phase 4: Mathematical & Excel Spreadsheet Formulas
+- **Days Outstanding**:
+  ```excel
+  =CalculationDate - InvoiceDate
+  ```
+- **Rule 37 Mandatory Reversal Amount**:
+  ```excel
+  =IF(DaysElapsed > 180, ProportionalITC, 0)
+  ```
+- **Section 50(1) 18% Annual Interest Liability**:
+  ```excel
+  =ROUND(MandatoryReversal * 18% * (DaysElapsed / 365), 2)
+  ```
+- **Re-Availment Ledger Status**:
+  ```excel
+  =IF(ActualSettlementMade="YES", "RECLAIMABLE_TABLE_4A5", "HOLD_IN_REVERSAL")
+  ```

package/docs/CORPUS_QUALITY.md

@@ -1,9 +1,9 @@
 # MudraForge Statutory Knowledge Quality Card
 
 > **Format Reference**: Inspired by Google's *Data Cards Playbook* and the OpenSSF Project Quality Standards.  
-> **Target Package**: `@mudraforge/statutory` v2.11.0  
+> **Target Package**: `@mudraforge/statutory` v2.12.0  
 > **Evaluation Mode**: Machine-audited against primary sources, official gazettes, and test fixtures.  
-> **Generated Timestamp**: 2026-10-29T07:06:23.134Z
+> **Generated Timestamp**: 2026-11-06T18:36:37.873Z
 
 ---
 
@@ -11,12 +11,12 @@
 
 | Dimension | Metric | Denominator / Baseline | Coverage Rate | Status |
 | :--- | :--- | :--- | :--- | :--- |
-| **Primary Source Citations** | 98 resolvable gazette URLs | 98 total citations declared | **100.0%** | VERIFIED |
-| **Temporal Validity Bounds** | 37 sections with explicit dates | 37 total bundled sections | **100.0%** | VERIFIED |
-| **Dual-Act 2025 Transition Bridges** | 15 direct tax provisions mapped | 16 direct tax provisions | **93.8%** | VERIFIED |
-| **Attached Administrative Circulars** | 38 official circulars | 37 provisions across active domains | **100% Attached** | VERIFIED |
-| **Attached Return/Compliance Schemas** | 37 schemas/templates | 37 provisions across active domains | **100% Attached** | VERIFIED |
-| **Cryptographic Merkle Verification** | 112 bundle files verified | SHA-256 Merkle root digest | **0 Mismatches** | VERIFIED |
+| **Primary Source Citations** | 125 resolvable gazette URLs | 125 total citations declared | **100.0%** | VERIFIED |
+| **Temporal Validity Bounds** | 46 sections with explicit dates | 46 total bundled sections | **100.0%** | VERIFIED |
+| **Dual-Act 2025 Transition Bridges** | 16 direct tax provisions mapped | 17 direct tax provisions | **94.1%** | VERIFIED |
+| **Attached Administrative Circulars** | 52 official circulars | 46 provisions across active domains | **100% Attached** | VERIFIED |
+| **Attached Return/Compliance Schemas** | 47 schemas/templates | 46 provisions across active domains | **100% Attached** | VERIFIED |
+| **Cryptographic Merkle Verification** | 145 bundle files verified | SHA-256 Merkle root digest | **0 Mismatches** | VERIFIED |
 
 ---
 
@@ -48,26 +48,31 @@
 
 | Section Code | Statutory Provision | Governing Statute | Temporal Window | Status | Citations | Circulars | Forms | 2025 Act Successor |
 | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- |
+| **INDAS-103-IFRS-3** | Business Combinations & Purchase Price Allocation (Acquisition Method, Identifiable Net Assets, Goodwill vs Capital Reserve, and Contingent Consideration) | Companies (Indian Accounting Standards) Rules, 2015 read with Section 133 of Companies Act, 2013, IFRS 3, and US GAAP FASB ASC Topic 805 | `2015-04-01` to `OPEN_ENDED` | `ACTIVE` | 2 | 1 | 1 | Companies Act, 2013 (Indian Accounting Standards) (Ind AS 103) |
+| **INDAS-36-IAS-36** | Impairment of Assets & Cash-Generating Units (Recoverable Amount Determination, Goodwill Priority Allocation, and Reversal Boundaries) | Companies (Indian Accounting Standards) Rules, 2015 read with Section 133 of Companies Act, 2013, IAS 36, and US GAAP FASB ASC Topic 360 & 350 | `2015-04-01` to `OPEN_ENDED` | `ACTIVE` | 2 | 1 | 1 | Companies Act, 2013 (Indian Accounting Standards) (Ind AS 36) |
 | **ITA-SEC-79** | Carry Forward and Set Off of Accumulated Losses on Change in Shareholding | Income-tax Act, 1961 (Act No. 43 of 1961) | `1962-04-01` to `OPEN_ENDED` | `ACTIVE` | 3 | 1 | 1 | Income-tax Act, 2025 (Chapter on Set-off and Carry Forward of Losses) (Provisions on Loss Set-Off on Shareholding Continuity) |
+| **INDAS-102-ASC-718** | Share-Based Payments & Employee Stock Options (ESOP Grant-Date Fair Value & Graded Vesting Amortization) | Companies (Indian Accounting Standards) Rules, 2015 read with Section 133 of Companies Act, 2013, ICAI Guidance Note on Accounting for Employee Share-based Payments, and US GAAP FASB ASC Topic 718 (Stock Compensation) | `2015-04-01` to `OPEN_ENDED` | `ACTIVE` | 2 | 1 | 1 | Companies Act, 2013 (Indian Accounting Standards) (Ind AS 102) |
 | **50B** | Special provision for computation of capital gains in case of slump sale | Income-tax Act, 1961 (Act No. 43 of 1961) | `2000-04-01` to `OPEN_ENDED` | `ACTIVE` | 3 | 2 | 2 | Income-tax Act, 2025 (Section 78 (Capital gains on slump sale of undertakings)) |
 | **281** | Certain Transfers to be Void & Tax Clearance Requirements in Corporate Restructuring (Section 281) | Income-tax Act, 1961 (Act No. 43 of 1961) | `1962-04-01` to `OPEN_ENDED` | `ACTIVE` | 3 | 1 | 1 | Income-tax Act, 2025 (Section 497 (Transfers to defraud revenue to be void)) |
 | **115BAA-115JB** | Tax on income of certain domestic companies (Section 115BAA) and Minimum Alternate Tax (Section 115JB) | Income-tax Act, 1961 (Act No. 43 of 1961) | `2019-04-01` to `OPEN_ENDED` | `ACTIVE` | 3 | 1 | 1 | Income-tax Act, 2025 (Chapter XI (Corporate Taxation & Special Regimes)) |
+| **INDAS-12-ASC-740** | Income Taxes & Deferred Tax Accounting (Balance Sheet Temporary Differences & Effective Tax Rate Reconciliation) | Companies (Indian Accounting Standards) Rules, 2015 read with Section 133 of Companies Act, 2013, Income-tax Act, 1961, and US GAAP FASB ASC Topic 740 (Income Taxes) | `2015-04-01` to `OPEN_ENDED` | `ACTIVE` | 2 | 1 | 1 | Companies Act, 2013 (Indian Accounting Standards) (Ind AS 12) |
 | **206AB** | Special provision for deduction of tax at source for non-filers of income-tax return (Omitted effective 1 April 2025) | Income-tax Act, 1961 (Act No. 43 of 1961) | `2021-07-01` to `2025-03-31` | `SUNSET_SUPERSEDED` | 1 | 1 | 0 | Finance Act, 2025 (Statutory Omission) (Section 206AB Omitted) |
 | **43B** | Statutory Disallowance on Certain Deductions to be Only on Actual Payment (Section 43B) and Employee Welfare Deductions (Section 36(1)(va)) | Income-tax Act, 1961 (Act No. 43 of 1961) | `1984-04-01` to `OPEN_ENDED` | `ACTIVE` | 3 | 1 | 1 | Income-tax Act, 2025 (Section 47 (Deductions on actual payment basis) and Section 35(1)(xvi)) |
 | **206C(1H)** | Collection of tax at source by seller on receipt of consideration for sale of goods (Omitted effective 1 April 2025) | Income-tax Act, 1961 | `2020-10-01` to `2025-03-31` | `SUNSET_SUPERSEDED` | 2 | 1 | 0 | Finance Act, 2025 (Statutory Sunset) (Section 206C(1H) Omitted) |
-| **194H** | Deduction of tax at source on commission or brokerage | Income-tax Act, 1961 (Act No. 43 of 1961) | `2001-06-01` to `2026-03-31` | `SUNSET_SUPERSEDED` | 3 | 1 | 1 | Income-tax Act, 2025 (Section 393(1), Table 4, Item (i)) |
-| **194C** | Deduction of tax at source on payments to contractors and sub-contractors | Income-tax Act, 1961 (Act No. 43 of 1961) | `1972-04-01` to `2026-03-31` | `SUNSET_SUPERSEDED` | 3 | 1 | 2 | Income-tax Act, 2025 (Section 393(1), Table 3, Item (i)) |
-| **194O** | Payment of certain sums by e-commerce operator to e-commerce participant | Income-tax Act, 1961 (Act No. 43 of 1961) | `2020-10-01` to `2026-03-31` | `SUNSET_SUPERSEDED` | 3 | 1 | 1 | Income-tax Act, 2025 (Section 393(1), Table 8, Item (i)) |
-| **194Q** | Deduction of tax at source on payment of a certain sum for purchase of goods | Income-tax Act, 1961 (Act No. 43 of 1961) | `2021-07-01` to `2026-03-31` | `SUNSET_SUPERSEDED` | 2 | 2 | 2 | Income-tax Act, 2025 (Section 393(1), Table 8, Item (ii)) |
-| **393** | Deduction of tax at source on payment of a certain sum for purchase of goods | Income-tax Act, 2025 (Act No. 1 of 2025) | `2026-04-01` to `OPEN_ENDED` | `ACTIVE` | 3 | 0 | 0 | N/A |
-| **194M** | Payment of Certain Sums by Certain Individuals or Hindu Undivided Family (Section 194M) | Income-tax Act, 1961 (Act No. 43 of 1961) | `2019-09-01` to `2026-03-31` | `SUNSET_SUPERSEDED` | 2 | 1 | 1 | Income-tax Act, 2025 (Section 393(1), Table 5, Item (m)) |
-| **194A** | Deduction of tax at source on payment of interest other than interest on securities | Income-tax Act, 1961 (Act No. 43 of 1961) | `1967-04-01` to `2026-03-31` | `SUNSET_SUPERSEDED` | 3 | 1 | 2 | Income-tax Act, 2025 (Section 393(1), Table 4, Item (i)) |
-| **194R** | Deduction of tax at source on benefit or perquisite in respect of business or profession | Income-tax Act, 1961 (Act No. 43 of 1961) | `2022-07-01` to `OPEN_ENDED` | `ACTIVE` | 2 | 1 | 1 | Income-tax Act, 2025 (Section 393(1), Table 8, Item 12) |
-| **194-IA** | Payment on Transfer of Certain Immovable Property Other than Agricultural Land (Section 194-IA) | Income-tax Act, 1961 (Act No. 43 of 1961) | `2013-06-01` to `2026-03-31` | `SUNSET_SUPERSEDED` | 3 | 1 | 1 | Income-tax Act, 2025 (Section 393(1) Table 4 Item (q)) |
-| **194I** | Deduction of tax at source on payment of rent | Income-tax Act, 1961 (Act No. 43 of 1961) | `1994-06-01` to `2026-03-31` | `SUNSET_SUPERSEDED` | 3 | 1 | 1 | Income-tax Act, 2025 (Section 393(1), Table 5, Item (i)) |
-| **194-IB** | Payment of Rent by Certain Individuals or Hindu Undivided Family (Section 194-IB) | Income-tax Act, 1961 (Act No. 43 of 1961) | `2017-06-01` to `2026-03-31` | `SUNSET_SUPERSEDED` | 2 | 1 | 1 | Income-tax Act, 2025 (Section 393(1), Table 5, Item (ib)) |
-| **194J** | Fees for professional or technical services, royalty, and non-compete fees | Income-tax Act, 1961 | `1995-07-01` to `2026-03-31` | `SUNSET_SUPERSEDED` | 2 | 1 | 1 | Income-tax Act, 2025 (Section 393(1), Table 6, Item (iii)) |
+| **194H** | Deduction of tax at source on commission or brokerage | Income-tax Act, 1961 (Act No. 43 of 1961) | `2001-06-01` to `2026-03-31` | `SUNSET_SUPERSEDED` | 3 | 1 | 1 | Income-tax Act, 2025 (Section 393(1), Table 1, Sl. No. 1(ii)) |
+| **194C** | Deduction of tax at source on payments to contractors and sub-contractors | Income-tax Act, 1961 (Act No. 43 of 1961) | `1972-04-01` to `2026-03-31` | `SUNSET_SUPERSEDED` | 3 | 1 | 2 | Income-tax Act, 2025 (Section 393(1), Table 1, Sl. No. 6(i)) |
+| **194O** | Payment of certain sums by e-commerce operator to e-commerce participant | Income-tax Act, 1961 (Act No. 43 of 1961) | `2020-10-01` to `2026-03-31` | `SUNSET_SUPERSEDED` | 3 | 1 | 1 | Income-tax Act, 2025 (Section 393(1), Table 1, Sl. No. 8(i)) |
+| **194Q** | Deduction of tax at source on payment of a certain sum for purchase of goods | Income-tax Act, 1961 (Act No. 43 of 1961) | `2021-07-01` to `2026-03-31` | `SUNSET_SUPERSEDED` | 3 | 2 | 2 | Income-tax Act, 2025 (Section 393(1), Table 1, Sl. No. 8(ii)) |
+| **393** | Deduction of tax at source on payment of a certain sum for purchase of goods (Table 1, Sl. No. 8(ii)) | Income-tax Act, 2025 (Act No. 1 of 2025) | `2026-04-01` to `OPEN_ENDED` | `ACTIVE` | 3 | 0 | 0 | N/A |
+| **194M** | Payment of Certain Sums by Certain Individuals or Hindu Undivided Family (Section 194M) | Income-tax Act, 1961 (Act No. 43 of 1961) | `2019-09-01` to `2026-03-31` | `SUNSET_SUPERSEDED` | 2 | 1 | 1 | Income-tax Act, 2025 (Section 393(1), Table 1, Sl. No. 6(i) / 6(iii) / 1(ii)) |
+| **194A** | Deduction of tax at source on payment of interest other than interest on securities | Income-tax Act, 1961 (Act No. 43 of 1961) | `1967-04-01` to `2026-03-31` | `SUNSET_SUPERSEDED` | 3 | 1 | 2 | Income-tax Act, 2025 (Section 393(1), Table 1, Sl. No. 5(ii) and 5(iii)) |
+| **194R** | Deduction of tax at source on benefit or perquisite in respect of business or profession | Income-tax Act, 1961 (Act No. 43 of 1961) | `2022-07-01` to `OPEN_ENDED` | `ACTIVE` | 2 | 1 | 1 | Income-tax Act, 2025 (Section 393(1), Table 1, Sl. No. 8(iv)) |
+| **194-IA** | Payment on Transfer of Certain Immovable Property Other than Agricultural Land (Section 194-IA) | Income-tax Act, 1961 (Act No. 43 of 1961) | `2013-06-01` to `2026-03-31` | `SUNSET_SUPERSEDED` | 3 | 1 | 1 | Income-tax Act, 2025 (Section 393(1), Table 1, Sl. No. 3(i)) |
+| **194I** | Deduction of tax at source on payment of rent | Income-tax Act, 1961 (Act No. 43 of 1961) | `1994-06-01` to `2026-03-31` | `SUNSET_SUPERSEDED` | 3 | 1 | 1 | Income-tax Act, 2025 (Section 393(1), Table 1, Sl. No. 2) |
+| **194-IB** | Payment of Rent by Certain Individuals or Hindu Undivided Family (Section 194-IB) | Income-tax Act, 1961 (Act No. 43 of 1961) | `2017-06-01` to `2026-03-31` | `SUNSET_SUPERSEDED` | 2 | 1 | 1 | Income-tax Act, 2025 (Section 393(1), Table 1, Sl. No. 2(iii)) |
+| **194J** | Fees for professional or technical services, royalty, and non-compete fees | Income-tax Act, 1961 | `1995-07-01` to `2026-03-31` | `SUNSET_SUPERSEDED` | 3 | 1 | 1 | Income-tax Act, 2025 (Section 393(1), Table 1, Sl. No. 6(iii)) |
 | **17(5)** | Apportionment of credit and blocked input tax credits | Central Goods and Services Tax Act, 2017 (Act No. 12 of 2017) | `2017-07-01` to `OPEN_ENDED` | `ACTIVE` | 3 | 1 | 1 | CGST Act, 2017 (In force) (Section 17(5)(b)(i) & (b)(iii)) |
+| **RULE-42-43** | Apportionment of input tax credit on inputs, input services and capital goods, and reversal of common credit attributable to exempt or non-business supplies | Central Goods and Services Tax Act, 2017 (Act No. 12 of 2017) | `2017-07-01` to `OPEN_ENDED` | `ACTIVE` | 3 | 2 | 2 | Central Goods and Services Tax Act, 2017 (Section 17(1) and Section 17(2) read with Rule 42 and Rule 43 (as amended)) |
 | **8** | Tax liability on composite and mixed supplies and classification of bundled goods and services contracts | Central Goods and Services Tax Act, 2017 | `2017-07-01` to `OPEN_ENDED` | `ACTIVE` | 3 | 1 | 1 | N/A |
 | **10** | Composition levy and ineligible tax invoice restrictions | Central Goods and Services Tax Act, 2017 (Act No. 12 of 2017) | `2017-07-01` to `OPEN_ENDED` | `ACTIVE` | 2 | 1 | 0 | N/A |
 | **34** | Credit and debit notes statutory adjustments and return filing deadlines | Central Goods and Services Tax Act, 2017 (Act No. 12 of 2017) | `2017-07-01` to `OPEN_ENDED` | `ACTIVE` | 2 | 1 | 0 | N/A |
@@ -75,15 +80,19 @@
 | **RULE-48(4)** | Mandatory electronic invoicing (E-Invoicing), IRN generation, and invoice validity | Central Goods and Services Tax Rules, 2017 | `2020-10-01` to `OPEN_ENDED` | `ACTIVE` | 2 | 1 | 0 | N/A |
 | **51** | Tax deduction at source under Goods and Services Tax | Central Goods and Services Tax Act, 2017 (Act No. 12 of 2017) | `2018-10-01` to `OPEN_ENDED` | `ACTIVE` | 2 | 1 | 0 | N/A |
 | **16(2)** | Eligibility and conditions for taking input tax credit and mandatory 180-day payment rule | Central Goods and Services Tax Act, 2017 (Act No. 12 of 2017) | `2017-07-01` to `OPEN_ENDED` | `ACTIVE` | 4 | 1 | 1 | CGST Act, 2017 (In force) (Section 16(2), (3), (4), (5), (6)) |
-| **RULE-37-37A** | Reversal of input tax credit in case of non-payment of consideration to vendor within 180 days and non-filing by supplier | Central Goods and Services Tax Act, 2017 (Act No. 12 of 2017) | `2017-07-01` to `OPEN_ENDED` | `ACTIVE` | 3 | 1 | 1 | Central Goods and Services Tax Act, 2017 (Section 16(2) second proviso read with Rule 37 and Rule 37A (as amended)) |
-| **9(3)** | Reverse Charge Mechanism (RCM) mandatory tax liability on recipient, self-invoicing, payment voucher issuance, and electronic cash discharge | Central Goods and Services Tax Act, 2017 read with Notification No. 13/2017-Central Tax (Rate) | `2017-07-01` to `OPEN_ENDED` | `ACTIVE` | 3 | 1 | 1 | N/A |
+| **RULE-37-37A** | Reversal of input tax credit in case of non-payment of consideration to vendor within 180 days and non-filing by supplier | Central Goods and Services Tax Act, 2017 (Act No. 12 of 2017) | `2017-07-01` to `OPEN_ENDED` | `ACTIVE` | 4 | 2 | 1 | Central Goods and Services Tax Act, 2017 (Section 16(2) second proviso read with Rule 37 and Rule 37A (as amended)) |
+| **9(3)** | Reverse Charge Mechanism (RCM) mandatory tax liability on recipient, self-invoicing, payment voucher issuance, and electronic cash discharge | Central Goods and Services Tax Act, 2017 read with Notification No. 13/2017-Central Tax (Rate) | `2017-07-01` to `OPEN_ENDED` | `ACTIVE` | 6 | 4 | 1 | N/A |
 | **195** | Deduction of tax at source on foreign cross-border payments to non-residents, DTAA treaty benefits, documentation, Form 15CA/15CB, and cloud software exemption | Income-tax Act, 1961 read with Double Taxation Avoidance Agreements (DTAA) under Section 90 | `1962-04-01` to `OPEN_ENDED` | `ACTIVE` | 3 | 2 | 1 | Income-tax Act, 2025 Section 393(2) (Section 393(2) of Income-tax Act, 2025) |
+| **INDAS-109-IFRS-9** | Financial Instruments: Classification, Measurement & Expected Credit Loss (ECL) Impairment | Companies (Indian Accounting Standards) Rules, 2015 read with Section 133 of Companies Act, 2013 and US GAAP FASB Accounting Standards Codification Topic 326 (Financial Instruments - Credit Losses / CECL) | `2018-04-01` to `OPEN_ENDED` | `ACTIVE` | 2 | 1 | 1 | Companies Act, 2013 (Indian Accounting Standards) (Ind AS 109) |
 | **INDAS-21-109-FX** | Foreign Exchange Monetary Asset/Liability Revaluation and Cash Flow Hedge Accounting | Companies (Indian Accounting Standards) Rules, 2015 read with Section 133 of Companies Act, 2013 | `2016-04-01` to `OPEN_ENDED` | `ACTIVE` | 3 | 1 | 1 | Companies Act, 2013 (Indian Accounting Standards) (Ind AS 21 & Ind AS 109) |
 | **IRC-901-904** | Foreign Tax Credit authorization, separate basket limitation, and partnership pass-through reporting (Form 1116 / Schedule K-3) | Internal Revenue Code of 1986 (Title 26, U.S. Code) | `2021-01-01` to `OPEN_ENDED` | `ACTIVE` | 2 | 0 | 2 | Title 26, U.S. Code (Continuous) (26 U.S.C. §§ 901, 904(d), 904(j), 469) |
 | **ITA-SEC-92C-RULE-10CA** | Computation of Arm's Length Price (ALP), Range Concept and Secondary Adjustments | Income-tax Act, 1961 (Act No. 43 of 1961) | `2014-04-01` to `OPEN_ENDED` | `ACTIVE` | 3 | 1 | 1 | Income-tax Act, 2025 (Chapter on International Tax & Transfer Pricing) (Transfer Pricing Provisions) |
 | **MSMED-15-16** | Statutory payment timelines to Micro & Small Enterprises, compound penal interest, and income tax deduction disallowance | Micro, Small and Medium Enterprises Development Act, 2006 read with Income-tax Act, 1961 Section 43B(h) | `2006-10-02` to `OPEN_ENDED` | `ACTIVE` | 4 | 1 | 2 | Income-tax Act, 2025 Section 37(2)(g) (Section 37(2)(g) of Income-tax Act, 2025) |
 | **MSMED-SEC-7** | Composite criteria for classification of Micro, Small and Medium Enterprises, investment calculations, and statutory exclusion of export turnover | Micro, Small and Medium Enterprises Development Act, 2006 read with Ministry of MSME Notification S.O. 2119(E) | `2020-07-01` to `OPEN_ENDED` | `ACTIVE` | 2 | 1 | 1 | N/A |
+| **INDAS-116-ASC-842** | Lease Accounting & On-Balance-Sheet Capitalization (Right-of-Use Asset & Lease Liability Amortization) | Companies (Indian Accounting Standards) Rules, 2015 read with Section 133 of Companies Act, 2013 and US GAAP FASB Accounting Standards Codification Topic 842 | `2019-04-01` to `OPEN_ENDED` | `ACTIVE` | 3 | 1 | 1 | Companies Act, 2013 (Indian Accounting Standards) (Ind AS 116) |
 | **MCA-MSME-1** | Mandatory half-yearly reporting of outstanding dues exceeding 45 days to Micro & Small Enterprises (Form MSME-1) | Companies Act, 2013 read with Specified Companies (Furnishing of information about payment to micro and small enterprise suppliers) Order, 2019 | `2019-01-22` to `OPEN_ENDED` | `ACTIVE` | 2 | 1 | 1 | N/A |
+| **INDAS-37-ASC-450** | Provisions, Contingent Liabilities & Contingent Assets (Dispute Probability Triangulation & Footnote Disclosures) | Companies (Indian Accounting Standards) Rules, 2015 read with Section 133 of Companies Act, 2013, ICAI Guidance Note on Provisions and Contingencies, and US GAAP FASB ASC Topic 450 (Contingencies) | `2015-04-01` to `OPEN_ENDED` | `ACTIVE` | 2 | 1 | 1 | Companies Act, 2013 (Indian Accounting Standards) (Ind AS 37) |
+| **INDAS-115-ASC-606** | Revenue from Contracts with Customers (5-Step Transaction Price Allocation & Performance Obligation Recognition) | Companies (Indian Accounting Standards) Rules, 2015 read with Section 133 of Companies Act, 2013 and US GAAP FASB Accounting Standards Codification Topic 606 | `2018-04-01` to `OPEN_ENDED` | `ACTIVE` | 3 | 1 | 1 | Companies Act, 2013 (Indian Accounting Standards) (Ind AS 115) |
 | **MSMED-SEC-22** | Mandatory statutory disclosures in annual audited financial statements regarding dues to Micro and Small Enterprises and tax non-deductibility of penal interest | Micro, Small and Medium Enterprises Development Act, 2006 read with Companies Act, 2013 Schedule III | `2006-10-02` to `OPEN_ENDED` | `ACTIVE` | 3 | 1 | 2 | N/A |
 
 ---

package/docs/DOMAIN_BREADTH_AND_DEPTH_COMPARISON.md

@@ -65,7 +65,7 @@ Level 5: Deterministic Mathematical Execution (Excess Math, Compound Interest, J
   - **Forms**: Form 26Q quarterly TDS return schema, Form 16A certificate schema, Form 10IC corporate tax election, Vendor PAN / 206AB declaration template.
 * **Full Enterprise Engine (Adesha Runtime)**:
   - Reaches **Level 5**.
-  - **Full Statutory Spectrum**: Table 8 of Income-tax Act, 2025 (Section 392 Rent, 393 Goods, 394 Contractors, 395 Professional/FTS, 397 Non-PAN).
+  - **Full Statutory Spectrum**: Section 393(1), Table 1 of Income-tax Act, 2025 (Section 392 Rent, 393 Goods, 394 Contractors, 395 Professional/FTS, 397 Non-PAN).
   - **TRACES Lower Deduction Vault**: Automatically ingests, validates, and tracks Section 197 / Section 395 lower withholding certificates; enforces monetary ceilings and tracks consumed quota.
   - **Advance Netting & Challan Reconciliation**: Matches credits against Challan ITNS 281 tax deposits under Rule 30.
   - **Deterministic Output**: Generates balanced double-entry Journal Vouchers (JVs) debiting expense/inventory, debiting GST ITC, crediting TDS Payable, and crediting AP.

package/okf/corporate_ma_restructuring/business_combinations_indas_103/circulars/mca_notification_indas_103_business_combinations.md

@@ -0,0 +1,41 @@
+---
+id: mca_notification_indas_103_business_combinations
+title: Ministry of Corporate Affairs Notification on Ind AS 103 Business Combinations
+authority: Ministry of Corporate Affairs (MCA)
+date: 2015-02-16
+statutory_section: Ind AS 103 read with Companies Act 2013 Section 133
+valid_from: 2015-04-01
+valid_to: OPEN_ENDED
+temporal_status: ACTIVE
+official_url: https://www.mca.gov.in/content/mca/global/en/acts-rules/ebooks/accounting-standards.html
+---
+
+# MCA Notification: Companies (Indian Accounting Standards) Rules, 2015 — Ind AS 103 Business Combinations
+
+## 1. Executive Summary & Statutory Background
+Ind AS 103 establishes principles and requirements for how an acquirer:
+- Recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed, and any non-controlling interest in the acquiree.
+- Recognizes and measures the goodwill acquired in the business combination or a gain from a bargain purchase.
+- Determines what information to disclose to enable users of the financial statements to evaluate the nature and financial effects of the business combination.
+
+Ind AS 103 is converged with International Financial Reporting Standard 3 (IFRS 3) and conceptually aligned with US GAAP ASC Topic 805.
+
+## 2. The Four Pillars of the Acquisition Method
+Every business combination within the scope of Ind AS 103 must be accounted for using the **acquisition method**:
+1. **Identifying the Acquirer**: The entity that obtains control of another entity (the acquiree) per Ind AS 110 principles.
+2. **Determining the Acquisition Date**: The date on which the acquirer obtains control of the acquiree (generally the closing date when legal transfer occurs and consideration is paid).
+3. **Recognizing and Measuring Identifiable Assets, Liabilities, and NCI**:
+   - Assets and liabilities are measured at their acquisition-date fair values.
+   - Intangible assets meeting either the contractual-legal criterion or the separability criterion (e.g. brand names, customer contracts, proprietary source code) must be recognized separately from goodwill.
+   - Corresponding deferred tax liabilities (DTLs) are recognized on the step-up of asset book values over tax bases under Ind AS 12.
+4. **Recognizing and Measuring Goodwill or Bargain Purchase Gain**:
+   - `Goodwill = Consideration Transferred + Non-Controlling Interest + Pre-existing Interest - Net Identifiable Assets`.
+   - Goodwill is capitalized and tested for impairment at least annually under Ind AS 36.
+
+## 3. Treatment of Contingent Consideration (Earnouts)
+- Contingent consideration must be recognized at fair value on the acquisition date as part of the consideration transferred.
+- If classified as equity, it is not remeasured and settlement is accounted for within equity.
+- If classified as a financial liability, subsequent changes in fair value are recognized in Profit or Loss under Ind AS 109.
+
+## 4. Prohibition on Capitalizing Transaction Costs
+All acquisition-related costs (finder's fees, legal, accounting, valuation, advisory fees) must be expensed in the periods in which they are incurred. They cannot be included in purchase consideration or capitalized into goodwill.

package/okf/corporate_ma_restructuring/business_combinations_indas_103/forms/purchase_price_allocation_schedule.json

@@ -0,0 +1,110 @@
+{
+  "$schema": "https://json-schema.org/draft/2020-12/schema",
+  "title": "IndAS103PurchasePriceAllocationSchedule",
+  "description": "Standardized regulatory and compliance reporting schedule for business combinations, purchase price allocation (PPA), and goodwill determination under Ind AS 103 / IFRS 3.",
+  "type": "object",
+  "required": [
+    "acquisitionIdentifier",
+    "acquirerName",
+    "acquireeName",
+    "acquisitionDate",
+    "considerationTransferred",
+    "identifiableAssetsAcquired",
+    "liabilitiesAssumed",
+    "nonControllingInterest",
+    "goodwillOrBargainPurchase"
+  ],
+  "properties": {
+    "acquisitionIdentifier": {
+      "type": "string",
+      "pattern": "^[A-Z0-9_-]+$"
+    },
+    "acquirerName": {
+      "type": "string"
+    },
+    "acquireeName": {
+      "type": "string"
+    },
+    "acquisitionDate": {
+      "type": "string",
+      "format": "date"
+    },
+    "considerationTransferred": {
+      "type": "object",
+      "required": [
+        "cashConsiderationInr",
+        "equitySharesFairValueInr",
+        "contingentConsiderationFairValueInr",
+        "deferredConsiderationPresentValueInr",
+        "totalConsiderationTransferredInr"
+      ],
+      "properties": {
+        "cashConsiderationInr": { "type": "number", "minimum": 0 },
+        "equitySharesFairValueInr": { "type": "number", "minimum": 0 },
+        "contingentConsiderationFairValueInr": { "type": "number", "minimum": 0 },
+        "deferredConsiderationPresentValueInr": { "type": "number", "minimum": 0 },
+        "totalConsiderationTransferredInr": { "type": "number", "minimum": 0 }
+      }
+    },
+    "identifiableAssetsAcquired": {
+      "type": "object",
+      "required": [
+        "tangibleAssetsFairValueInr",
+        "identifiableIntangiblesFairValueInr",
+        "totalIdentifiableAssetsInr"
+      ],
+      "properties": {
+        "tangibleAssetsFairValueInr": { "type": "number", "minimum": 0 },
+        "identifiableIntangiblesFairValueInr": { "type": "number", "minimum": 0 },
+        "totalIdentifiableAssetsInr": { "type": "number", "minimum": 0 }
+      }
+    },
+    "liabilitiesAssumed": {
+      "type": "object",
+      "required": [
+        "borrowingsFairValueInr",
+        "tradePayablesAndAccrualsInr",
+        "deferredTaxLiabilityInr",
+        "totalLiabilitiesAssumedInr"
+      ],
+      "properties": {
+        "borrowingsFairValueInr": { "type": "number", "minimum": 0 },
+        "tradePayablesAndAccrualsInr": { "type": "number", "minimum": 0 },
+        "deferredTaxLiabilityInr": { "type": "number", "minimum": 0 },
+        "totalLiabilitiesAssumedInr": { "type": "number", "minimum": 0 }
+      }
+    },
+    "nonControllingInterest": {
+      "type": "object",
+      "required": [
+        "measurementMethod",
+        "nciPercentage",
+        "nciAmountInr"
+      ],
+      "properties": {
+        "measurementMethod": {
+          "type": "string",
+          "enum": ["PROPORTIONATE_SHARE", "FAIR_VALUE"]
+        },
+        "nciPercentage": { "type": "number", "minimum": 0, "maximum": 100 },
+        "nciAmountInr": { "type": "number", "minimum": 0 }
+      }
+    },
+    "goodwillOrBargainPurchase": {
+      "type": "object",
+      "required": [
+        "netIdentifiableAssetsInr",
+        "disposition",
+        "resultingAmountInr"
+      ],
+      "properties": {
+        "netIdentifiableAssetsInr": { "type": "number" },
+        "disposition": {
+          "type": "string",
+          "enum": ["GOODWILL_RECOGNIZED", "BARGAIN_PURCHASE_CAPITAL_RESERVE"]
+        },
+        "resultingAmountInr": { "type": "number", "minimum": 0 }
+      }
+    }
+  }
+}

package/okf/corporate_ma_restructuring/business_combinations_indas_103/section.json

@@ -0,0 +1,65 @@
+{
+  "sectionId": "INDAS_103_IFRS_3_BUSINESS_COMBINATIONS",
+  "sectionCode": "INDAS-103-IFRS-3",
+  "aliases": [
+    "Ind AS 103",
+    "IFRS 3",
+    "ASC 805",
+    "business combinations",
+    "purchase price allocation",
+    "PPA",
+    "goodwill",
+    "bargain purchase",
+    "capital reserve",
+    "contingent consideration",
+    "earnouts",
+    "identifiable net assets",
+    "acquisition method",
+    "mergers and acquisitions",
+    "M&A accounting"
+  ],
+  "governingStatute": "Companies (Indian Accounting Standards) Rules, 2015 read with Section 133 of Companies Act, 2013, IFRS 3, and US GAAP FASB ASC Topic 805",
+  "statutorySection": "Ind AS 103 (Business Combinations) converged with IFRS 3 and aligned with US GAAP ASC 805",
+  "successorStatute": "Companies Act, 2013 (Indian Accounting Standards)",
+  "successorSection": "Ind AS 103",
+  "title": "Business Combinations & Purchase Price Allocation (Acquisition Method, Identifiable Net Assets, Goodwill vs Capital Reserve, and Contingent Consideration)",
+  "effectivePeriod": {
+    "validFrom": "2015-04-01",
+    "validTo": "OPEN_ENDED",
+    "annualReset": "Acquisition date purchase price allocation with 1-year measurement period; annual goodwill impairment test under Ind AS 36",
+    "sunsetNotes": "Mandatory accounting standard notified via MCA G.S.R. 111(E) effective FY 2015-16 onwards."
+  },
+  "plainTextSummary": "Under Ind AS 103 (converged with IFRS 3 and aligned with US GAAP ASC Topic 805), an entity accounts for each business combination by applying the acquisition method. The acquisition method requires: (1) identifying the acquirer; (2) determining the acquisition date (the date on which the acquirer obtains control of the acquiree); (3) recognizing and measuring the identifiable assets acquired, the liabilities assumed, and any non-controlling interest (NCI) in the acquiree at their acquisition-date fair values; and (4) recognizing and measuring goodwill or a gain from a bargain purchase. Identifiable assets include separately recognized intangible assets (such as customer relationships, brand names, software, and patents) regardless of whether they were recognized by the acquiree prior to acquisition, with corresponding deferred tax liabilities recognized under Ind AS 12 for the fair value step-up. Consideration transferred is measured at acquisition-date fair value, including cash, fair value of equity instruments issued, and the fair value of contingent consideration (earnouts). Non-controlling interest is measured either at fair value or at the NCI's proportionate share of the acquiree's identifiable net assets. If the aggregate of consideration transferred, NCI, and pre-existing equity interest exceeds the net acquisition-date fair value of identifiable assets and liabilities, the excess is recognized as Goodwill (tested annually for impairment under Ind AS 36; amortization is prohibited). Conversely, if the net identifiable assets exceed the acquisition basis, the excess represents a Bargain Purchase Gain; after a mandatory reassessment of all acquired assets and liabilities, the gain is recognized directly in Other Comprehensive Income (OCI) and accumulated in Equity as Capital Reserve. Acquisition-related costs (such as finder's fees, legal, accounting, valuation, and advisory fees) are expensed in the periods in which the costs are incurred and must not be capitalized into goodwill.",
+  "keyStatutoryThresholds": {
+    "measurementPeriodMaxMonths": 12,
+    "acquisitionCostsExpensedImmediately": true,
+    "goodwillAmortizationProhibited": true,
+    "annualGoodwillTestingMandatory": true,
+    "bargainPurchaseReassessmentMandatory": true,
+    "contingentConsiderationFairValueAtAcquisition": true
+  },
+  "officialCitations": [
+    {
+      "authority": "Ministry of Corporate Affairs (MCA)",
+      "instrument": "Companies (Indian Accounting Standards) Rules, 2015 (G.S.R. 111(E))",
+      "subject": "Notification of Ind AS 103 (Business Combinations)",
+      "officialUrl": "https://www.mca.gov.in/content/mca/global/en/acts-rules/ebooks/accounting-standards.html"
+    },
+    {
+      "authority": "Institute of Chartered Accountants of India (ICAI)",
+      "instrument": "ICAI Educational Material on Indian Accounting Standard (Ind AS) 103",
+      "subject": "Practical guidance on identifying the acquirer, purchase price allocation, intangible asset valuation, and deferred tax accounting",
+      "officialUrl": "https://www.icai.org/post.html?post_id=14323"
+    }
+  ],
+  "requiredDocumentChecklist": [
+    "Executed Business Transfer Agreement (BTA), Share Purchase Agreement (SPA), or Scheme of Amalgamation sanctioned by NCLT",
+    "Independent Registered Valuer (RV) Purchase Price Allocation (PPA) report valuing tangible and intangible assets",
+    "Schedule of separately identifiable intangible assets (customer lists, software, trademarks, technology)",
+    "Contingent consideration valuation model, probability-weighted milestone matrix, and discount rate documentation",
+    "Deferred tax reconciliation statement detailing temporary differences arising from fair value step-ups under Ind AS 12",
+    "Board resolution and shareholder approvals authorizing consideration structure and acquisition terms"
+  ],
+  "tier": "PUBLIC_COMMONS_FREE",
+  "version": "2.11.0"
+}