Editorial April 2026

Dear Readers,   During the month of April 2026 the ceasefire of the Iran War brought a much needed peace in the region, helping stabilize economic activity and settle fears of rapid inflation globally and in India. Mr. Raghu Marwah, CEO visited Mumbai during the month to develop investment banking in commodity trade to assist in securing energy supplies to […]

UK Monthly Economic Insight – May 2026

Overview   Economic conditions in 2026 are characterised by low growth, persistent inflationary pressure, and elevated external risk. The UK economy continues to expand, but at a limited pace, with forecasts for annual GDP growth revised down to between 0.6% and 0.8%. This reflects the impact of higher energy prices, weaker global demand, and ongoing geopolitical disruption.   Inflation remains […]

May 2026 – Tax Calendar

7th May Due date of Deposit of TDS/ TCS for the Month of April, 2026 15th May Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB, 194-M & 194S  in the month of March, 2026 15th May Quarterly statement of TCS deposited for the quarter ending March 31, 2026 30th May Issue of TCS certificates […]

Direct Tax Part for April 2026

NOTIFICATION G.S.R. 286(E) [NO. 64/2026/F. NO. 370142/41/2025-TPL], DATED 16-4-2026 The CBDT issues corrigendum to IT Rules 2026; drops mention of ‘Aadhaar’ instead of ‘PAN’ in several Income Tax forms. NOTIFICATION S.O. 1715(E) [NO. 56/2026/F. NO. 500/22/2022-FT&TR-V], DATED 2-4-2026 India–Japan MoU notified for mutual assistance in tax collection effective from 8 July 2025. Important Judicial Precedents SLP disposed of: section 263 […]

GIFT CITY Update May 2026

20th April 2026: IFSCA Registers First Foreign Family Investment Fund, Boosting GIFT IFSC’s Global Wealth Hub Ambitions The International Financial Services Centres Authority (IFSCA) has taken a significant step in strengthening India’s position as a global financial hub by granting registration to the first foreign Family Office under its newly notified IFSCA (Fund Management) Regulations, 2025. This marks the debut […]

Key Regulatory & Legal Updates in April 2026

FEMA / RBI FEMA Reporting & Compliance  The Reserve Bank of India, through April 2026 operational clarifications under the Foreign Exchange Management Act, 1999 and FEMA (Non-Debt Instruments) Rules, 2019, has reaffirmed strict timelines of 30 days for FC-GPR and 60 days for FC-TRS filings. Any delay in such reporting shall continue to attract compounding proceedings, with no relaxation in […]

Sun Pharma to Acquire Organon in $11.75 Bn Landmark Deal

Sun Pharmaceutical Industries has announced the acquisition of Organon & Co in an all-cash deal valued at approximately $11.75 billion (Around INR 1,10,620 crores), including debt, marking the largest overseas acquisition by an Indian pharma company. The transaction aligns with Sun Pharma’s strategic shift toward higher-margin specialty segments such as dermatology, oncology, and obesity, amid margin pressures in the US […]