Staying updated with tax deadlines is crucial to avoid penalties and ensure compliance with Indian tax laws. The tax calendar 2025 includes key due dates related to Direct Taxes, Income Tax and GST, covering TDS (Tax Deducted at Source), TCS (Tax Collected at Source), advance tax payments, and various return filings. Taxpayers must be aware of the due date for […]
In this edition we have tried to bring you notice the latest amendment that followed in the month of June, 2025 issued by MCA, SEBI, RBI and Other laws. MCA MCA has launched the final set of 38 Company Forms including 13 Annual filing forms on 14th July 2025 at 12:00 AM With the said changes, the MCA has combined […]
Global investment giant Blackstone has acquired South City Mall in Kolkata for $376.8 million (around INR 3225 crores) from South City Projects (Kolkata) Ltd, a joint venture of six prominent Kolkata-based real estate families, including the Emami, Rameswara, Shrachi, Sureka, Merlin, and JB Groups. Launched in 2006, the 1 million sq. ft. mall is one of eastern India’s largest retail […]
Gujarat High Court – Addwrap Packaging Pvt. Ltd. & Anr. v. Union of India & Ors. Facts: Rule 96(10) restricted the ability of certain exporters to claim IGST refunds on exports made under LUT (Letter of Undertaking) or payment of tax, if they or their suppliers availed certain customs/GST exemptions (e.g., Advance Authorization, EPCG, EOU). The petitioners had exported goods […]
CBDT notified ‘376’ as Cost Inflation Index (CII) for Financial Year 2025-26 The CBDT vide Notification No. 70/2025, dated 01-07-2025, has notified ‘376’ as the Cost Inflation Index (CII) for the Financial Year 2025-26. CIRCULAR F. NO. 225/37/2025/ITA-I, DATED 13-6-2025 The CBDT vide circular dated 13.06.2025; issues guidelines for mandatory selection of returns for complete scrutiny in FY 2025-26. Important […]
In today’s fast-paced digital economy, e-commerce businesses are booming. From small-scale startups selling on Instagram to large marketplaces operating globally, online retail is transforming the way we shop and do business. But while the e-commerce model offers tremendous opportunities, it also comes with unique financial challenges. Managing inventory, processing thousands of transactions, handling taxes across multiple regions, and tracking expenses […]
In today’s rapidly changing business environment, maintaining transparency, accountability, and strong internal controls has become more important than ever. One of the most effective tools that help organizations achieve these goals is internal audit. But the question arises — who actually needs an internal audit in India? Is it only for large corporations, or do startups and SMEs also require […]
The UK economy posted a stronger-than-expected growth of 0.7% in Q1 2025, a significant uptick from just 0.1% in the previous quarter. This growth came despite subdued sentiment and ongoing global trade tensions. – Services led the expansion, rising by 0.7%, with both consumer- and non-consumer-facing sectors contributing. Notably, admin, support services, and wholesale/retail saw solid gains, though accommodation, food, […]
In this edition we have tried to bring you notice the latest amendment that followed in the month of May, 2025 issued by SEBI, RBI, MCA and IBBI and Other laws. SEBI Revised FAQ of SEBI on digital Know Your Customer (KYC) process With the said revised FAQs, SEBI has taken a commendable step in this direction by reinforcing its […]
Brookfield Asset Management plans to triple its India investments to $100 billion (around INR 8,52,908 crores) in five years, driven by strong growth and demand in infrastructure and clean energy. The firm has already invested $12 billion (around INR 102,390 crores) each in infrastructure and real estate, and $3 billion (around INR 25,599 crores) in clean energy projects. Brookfield sees […]
Important GST Advisories—May 2025 May, 01,2025– Implementation of HSN Code Reporting in GSTR-1/1A (Phase-3) Starting May 2025, the third phase of HSN code reporting in GSTR-1/1A is being rolled out. Under this phase, taxpayers will need to select HSN codes from a dropdown list—4-digit codes for those with turnover up to ₹5 crore, and 6-digit codes for those exceeding ₹5 […]