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 […]
What is GIFT City and How is it Beneficial Gujarat International Finance Tec-City, better known as GIFT City, is a buzzing business district located in Gandhinagar, Gujarat. The vision behind it? To build a world-class finance and ITzone that not only caters to India but serves clients across the globe. It’s quickly becoming a global hub for financial and business […]
Contrasting sector trends, a shaky export environment, and cautious optimism in property markets shape the UK’s economic outlook. Diverging Fortunes Across Sectors The UK economy started 2025 on uncertain footing, with overall output dipping by 0.1% in January. The production sector faced the biggest setbacks, shrinking by 0.9% as mining, quarrying, and manufacturing activities declined. Mining and quarrying saw the […]
In this edition we have tried to bring to your notice the latest amendment that followed in the month of March, 2025 issued by MCA, SEBI and RBI. SEBI Faster Rights Issue with a flexibility of allotment to specific investor SEBI vide its circular dated March 11, 2025, introduced changes to streamline the Rights Issue process, aimed at improving efficiency […]
Patanjali, DS Group To Buy Magma General For Over $500 Mn To Enter Insurance Sector Patanjali Ayurved Ltd and the DS Group have partnered to enter India’s insurance sector by acquiring Magma General Insurance Ltd from Sanoti Properties LLP (owned by Adar Poonawalla) and other shareholders. The acquisition, valued at approximately $517 million (around INR 4500 crores), is pending regulatory […]
Key GST Amendments Effective April 1, 2025 The Goods and Services Tax (GST) framework in India is set to undergo significant amendments to enhance compliance, streamline tax administration, and improve transparency in business transactions. Below are the major changes: 1. Tax Rate Changes Used Car Sales: GST rate increased from 12% to 18%, impacting the pre-owned car market. GST Rates […]
NOTIFICATION G.S.R. 207(E) [NO. 23/2025/F. NO. 370142/10/2025-TPL], DATED 28-3-2025 The CBDT amends Form 3CD; new clause 36B inserted to report sum received for buyback of shares applicable for AY 2025-26. NOTIFICATION G.S.R. 195(E) [NO. 22/2025/F.NO. 370142/08/2025-TPL], DATED 27-3-2025 The CBDT notifies amendment in Form 26Q & 27Q to include TDS on payment of salary, remuneration, etc. to partner. Lok Sabha passes Finance […]
NIIF, BII, Eversource to exit Ayana Renewable in $2.3 Bn deal The National Investment and Infrastructure Fund (NIIF), British International Investment (BII), and Eversource Capital have agreed to sell their renewable energy platform, Ayana Renewable Power, to a joint venture between ONGC and NTPC. The acquisition, valued at $2.3 billion (around INR 19,500 crores), includes debt and marks ONGPL’s first […]
Introduction On February 4, 2025, the International Financial Services Centres Authority (IFSCA) introduced the Liquidity Enhancement Scheme (LES) for Bullion Exchange, which allows the IFSC bullion exchange to create schemes aimed at improving the liquidity of illiquid commodity derivatives contracts. Key Points Oversight by the Governing Board: The governing board must approve the scheme, which is valid for one year. […]
The UK’s economic growth for the final quarter of 2024 was slightly positive, showing a modest 0.1% increase in GDP. This marginal growth was better than the anticipated stagnant growth and marked a small step up from the previous quarters of the year. For the entirety of 2024, the UK economy expanded by 0.9% compared to the previous year, indicating […]
GST Implications on Sub-Contracted Goods Transportation: Classification as Vehicle Rental Service Background: The taxpayer entered into an arrangement with a principal Goods Transport Agency (GTA) for the transportation of goods. The taxpayer, however, did not issue consignment notes but merely provided trucks for the transportation of goods. Issue: Whether the transportation service provided by the taxpayer as a sub-contractor to […]
NOTIFICATION G.S.R. 145(E) [NO. 17/2025/F. NO. 370142/28/2024-TPL], DATED 24-2-2025 The CBDT amends due dates for furnishing of statements in Form 64A and 64E by business trust & securitization trust. Also via Income-Tax (Fifth Amendment) Rules, 2025 – amendment made in Form No. 10IH; and Substitution Of Rules 12CA, 12CC and FORM Nos. 64A, 64B, 64C, 64D, 64E AND 64F. NOTIFICATION NO. […]