Editorial March 2026

Dear Readers,   During the month of March 2026 the success of India in winning the T20 Cricket World Cup inspired us all. The manner in which the men in blue came back after the thumping loss against South Africa in the Super 8 stage, was a true lesson of persistence and positive thinking.    We are very pleased to […]

UK Economic Insight – Fragile Growth Meets Global Uncertainty

The UK economy entered 2026 on a fragile footing, with growth stagnating, inflation remaining persistent, and labour market conditions beginning to soften. While earlier expectations pointed toward a gradual recovery supported by potential interest rate cuts, recent data has underperformed forecasts, dampening optimism. The outlook is further complicated by escalating geopolitical tensions in the Middle East, which are expected to […]

Key Regulatory & Legal Updates in March 2026

Ministry of Corporate Affairs (MCA)  Corporate Laws (Amendment) Bill, 2026  The Corporate Laws (Amendment) Bill, 2026 was the month’s biggest headline, focusing on decriminalisation and reducing the compliance burden for smaller players. Decriminalisation: Over 20 sections of the Companies Act and LLP Act were moved from criminal to civil liability, replacing potential jail time with monetary penalties.   Small Company […]

Tax Calendar April 2026

April 2026 – Tax Calendar   7th April Due date of Deposit of TCS collected for the Month of March , 2026 7th April Uploading of declarations received in Form 27C from the buyer in the month of March, 2026 14th April Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB, 194-M & 194S  in the month […]

GIFT CITY Newsletter Update April 2026

FATF Flags High-Risk Jurisdictions, Expands Monitoring List in February 2026 Update The Financial Action Task Force (FATF) has reaffirmed its vigilance over global financial systems, releasing its latest update on high-risk and monitored jurisdictions following its plenary held on February 13, 2026. In its public statement titled “High-Risk Jurisdictions subject to a Call for Action,” the FATF urged member countries […]

RNM Tax Alert – Direct Tax Part for March 2026

CBDT specifies new forms for changes or corrections in PAN data [ORDER F. NO. ADG(S)-1/PAN/M/3699/2026 dated 01.04.2026] The CBDT has notified two forms for furnishing an application for correction of PAN, namely: a) Form PAN CR-01 for individuals; and b) Form PAN CR-02 for non-individuals. CBDT amends GAAR Rules to allow grandfathering of investments made before 01-04-2017; dilutes Tiger Global […]

Indirect Tax News Letter- March 2026

GST Calendar –Compliances for the month of March ’2026   Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’)  April 10, 2026 GSTR-8 (Tax Collected at Source ‘TCS’)  April 10, 2026 GSTR-1  April 11, 2026 IFF- Invoice furnishing facility (Availing QRMP) April 13, 2026 GSTR-6 Input Service Distributor April 13, 2026 GSTR-2B (Auto Generated Statement) April 14, 2026 […]

RCB Acquired For $1.78 Bn In Landmark IPL Deal

A consortium comprising Aditya Birla Group, Times of India Group, Bolt Ventures, and Blackstone has agreed to acquire the Indian Premier League Franchise Royal Challengers Bengaluru for $1.78 billion (Around INR 16,500 crores) following a competitive bidding process. The sale by United Spirits, the Indian arm of Diageo, follows a strategic review that classified the franchise as non-core to its […]