Tax Due Date Calendar 2025: Key Filing Deadlines in India

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 […]

UK Alert June 2025: A Surprising Start to Economic Growth

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, […]

Brookfield Eyes Tripling India Assets To $100 Bn In Five Years

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

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 […]

RNM Tax Alert – Direct Tax Part for May 2025

CBDT Extends Due Date of filing of ITRs which were due for filing by 31-7-2025 The CBDT vide Press Release dated 27-5-2025; extends due date of filing ITRs for AY 2025-26 from July 31, 2025 to Sep. 15, 2025. CBDT updates ITR-U to allow filing of updated return up to 48 months, DATED 19-05-2025 The CBDT updates ITR-U to allow […]

10 Ways External Financial Experts Can Complement Your In-House Finance Team

In today’s competitive and ever-evolving business landscape, companies rely heavily on their in-house finance teams to manage day-to-day financial operations, compliance, reporting, budgeting, and forecasting. However, as businesses grow and encounter increasingly complex financial challenges, internal teams may require additional support. That’s where external financial experts come in. Bringing in external financial professionals—such as virtual CFOs, financial consultants, or advisory […]

UK ECONOMIC SNAPSHOT MAY 2025

The UK economy is showing tentative signs of recovery, but underlying challenges continue to weigh heavily. GDP grew by 0.6% in the three months to February 2025, a modest improvement driven largely by the service sector. Manufacturing bounced back in February with a 2.2% uptick, but output remains below last year’s levels. Construction also nudged upward by 0.4%. Productivity, although […]

Warburg Pincus, ADIA To Invest $877 Mn In IDFC First Bank

Warburg Pincus and the Abu Dhabi Investment Authority (ADIA) will invest $877 million (around INR 7,421 crores) in IDFC First Bank. The bank’s board has approved a preferential equity issue of $576 million (around INR 4,876 crores) to Warburg Pincus and $310 million (around INR 2,624 crores) to ADIA, subject to shareholder and regulatory approvals. The funds will strengthen the […]

Indirect Tax Updates April 2025

Private Agreements Do Not Override Statutory RCM Liability – Allahabad High Court  Private Agreements Do Not Override Statutory RCM Liability – Allahabad High Court  Facts: The petitioner (a service recipient) entered into an agreement with the supplier where the supplier agreed to bear all GST liabilities. However, GST authorities demanded tax under the Reverse Charge Mechanism (RCM) from the petitioner. […]