Sequoia Capital pares stake in Zomato: Sequoia Capital India has pared its stake in Zomato Ltd by selling shares in the open market, joining Tiger Global, Uber and Moore Strategic Ventures among investors who have either fully or partially sold their holdings in the online food delivery aggregator in recent weeks. Sequioa, which first invested in Zomato in 2013, sold […]
Indirect Tax News Letter GST Calendar –Compliances for the month of August 2022 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) September 10, 2022 GSTR-8 (Tax Collected at Source ‘TCS’) September 10, 2022 GSTR-1 September 11, 2022 IFF- Invoice furnishing facility (Availing QRMP) September 13, 2022 GSTR-6 Input Service Distributor September 13, 2022 GSTR-2B (Auto Generated Statement) […]
In this edition we have tried to bring you notice the latest amendment that followed in the month of August, 2022 issued by MCA, RBI, SEBI, DIPP and others. AMENDMENTS ISSUED BY MCA MCA has published the Companies (Registration of Charges) Second Amendment Rules, 2022. New Rule 13 has been notified providing that Form No. CHG-1, Form No. CHG-4, Form […]
Recent Updates CBDT notifies books & other documents to be maintained u/s 10(23C)/12A. Notification No. 94/2022 dated 10-08-2022. CBDT amends Rule 17CB to replace ‘trust or institution’ with ‘specified person’ in relation to Method of valuation for the purposes of sub-section (2) of section 115TD. CBDT extends time-limit for furnishing of Form-67. Foreign Tax Credit (FTC) can be claimed at time of filing […]
Jai Kisan snags $50 mn in first close of Series B at $200-240 mn valn: Jai Kisan, a rural fintech start-up, has raised capital to the amount of USD 50 million (c. 398.5 cr) in a mix of equity and debt in the first close of its ongoing Series B round. The investors invested funds at a pre-money valuation of […]
GST Calendar –Compliances for the month of July 2022 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) August 10, 2022 GSTR-8 (Tax Collected at Source ‘TCS’) August 10, 2022 GSTR-1 August 11, 2022 IFF- Invoice furnishing facility (Availing QRMP) August 13, 2022 GSTR-6 Input Service Distributor August 13, 2022 GSTR-2B (Auto Generated Statement) August 14, 2022 GSTR-3B […]
In this edition we have tried to bring you notice the latest amendment that followed in the month of July, 2022 issued by MCA, RBI, SEBI, DIPP and others. AMENDMENTS ISSUED BY MCA MCA notification for V3 portal w e f 31st August 2022 Following forms will be rolled out in this phase: DIR3-KYC Web, DIR3-KYC E-form, DPT-3, DPT-4, CHG-1, CHG-4, […]
CBDT reduces time limit to verify ITR from 120 days to 30 days for returns filed on or after 01-08-2022 The Central Board of Direct Taxes (CBDT) has reduced time limit for e-verification or submission of ITR-V from 120 days to 30 days for the Income-tax returns filed on or after 01-08-2022. This notification will come into effect from 01.08.2022. It […]
Assurance is the process used in the assessment of accounting entries and financial records. Assurance is a process of verifying the records available in the company as per accounting standard and principle, and it also verifies that the accounting records are accurate or not. Assurance specializes in assessing and improving the quality of information in a company. It helps in […]
PhysicsWallah joins unicorn club with $100 mn maiden fundraise: Edtech startup PhysicsWallah (PW) has raised USD 100 million (around INR 777 crore) in Series A funding from Westbridge and GSV Ventures at hitting a unicorn valuation in its maiden fundraise. With this PW has become India’s 101th unicorn. The latest capital raised will be used for business expansion, branding, and opening […]