December 2024 – Tax Calendar 7th Dec Due date for deposit of Tax deducted/collected for the month of November, 2024. 15th Dec 3rd instalment of advance tax for the AY 2025-26 15th Dec Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB, 194M & 194S in the month of October, 2024 15th Dec [Extended] Return of […]
As the year ends, the UK economy finds itself at a crossroads, with growth slowing, confidence wavering, and global uncertainty adding to domestic pressures. The economy’s resilience is being tested by challenges across sectors, while policymakers and businesses adapt to an evolving landscape. This report delves into the key highlights of the UK and US economies, as well as the […]
In this edition we have tried to bring to your notice, the latest amendments that followed in the month of November, 2024 issued by RBI and SEBI. RBI UPDATE RBI unveils framework for FPI to FDI investment reclassification (November 11, 2024) The Reserve Bank of India (RBI) has introduced an operational framework for the reclassification of investments made by Foreign […]
Bain Capital Raises $9 Bn for Special Situations Fund Bain Capital, which recently became a shareholder in an Indian auto component and construction equipment manufacturer, has successfully completed fundraising for its latest special situations fund. With this raise, the firm has emerged as one of the largest investors in the special situations space globally. Bain Capital has successfully raised $9 […]
Chartered Accountants (CAs) play a pivotal role in the global economy, providing expertise in financial management, auditing, taxation, and business strategy. As businesses navigate the complexities of a rapidly changing environment, the demand for efficient, accurate, and innovative solutions has never been greater. Enter GPT (Generative Pre-trained Transformer) technology—a groundbreaking advancement in artificial intelligence that is transforming industries across the […]
GST Calendar –Compliances for the month of November ’2024 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) December 10,2024 GSTR-8 (Tax Collected at Source ‘TCS’) December 10,2024 GSTR-1 December 11,2024 IFF- Invoice furnishing facility (Availing QRMP) December 13,2024 GSTR-6 Input Service Distributor December 13,2024 GSTR-2B (Auto Generated Statement) December 14,2024 GSTR-3B December 20,2024 GSTR-5 (Non-Resident Taxable Person) […]
Due date for filing ITR for AY 2024-25 for assessee required to furnish TP report extended till 15-12-2024: CBDT The CBDT vide Circular No. 18/2024 has extended the due date for furnishing the Return of Income for the Assessment Year 2024-25 for assessees required to furnish a TP report. The due date has been extended from 30th November 2024 to […]
In today’s fast-moving business world, managing finances well is key to growth and long-term success. This is where a CFO (Chief Financial Officer) becomes important. But what exactly is a Virtual CFO, and how is it different from a traditional CFO? Simply put, a Virtual CFO offers expert financial advice and strategic planning to businesses, without the need for a […]