Alphabet’s Google will pick up a minority stake worth $350 million in Walmart-backed Flipkart, valuing the Indian e-commerce firm at $37 billion. The tech giant will join in as an investor in the latest funding round for the Bengaluru-based company. The round will be led by Walmart, Flipkart’s biggest shareholder and will make Google a minority investor, subject to approvals. […]
GST Calendar –Compliances for the month of May’2024 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) June 10, 2024 GSTR-8 (Tax Collected at Source ‘TCS’) June 10, 2024 GSTR-1 June 11, 2024 IFF- Invoice furnishing facility (Availing QRMP) June 13, 2024 GSTR-6 Input Service Distributor June 13, 2024 GSTR-2B (Auto-Generated Statement) June 14, 2024 GSTR-3B June 20, […]
NOTIFICATION S.O. 2103(E) [NO. 44/2024/F.NO.370142/10/2024-TPL], DATED 24-5-2024 The CBDT via this notification notified ‘363’ Cost Inflation Index (CII) for Financial Year 2024-25. 2. Notification G.S.R. 233 (E), dated 27th March , 2024. The CBDT amends Form 27Q; added ‘Note 7A’ for furnishing information about lower or no TDS under section 197A. Taxpayers are now required to write “P” if lower […]
India’s Godrej family has decided to restructure its shareholding in the conglomerate to operate as two entities, Godrej Enterprises and Godrej Industries. The realignment will be implemented after the relevant regulatory approvals have been obtained, after which the two companies will continue to use the Godrej brand. Godrej Enterprises Group (GEG) will be headed by 75-year-old Jamshyd Godrej as chairperson […]
GST Calendar –Compliances for the month of April’2024 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) May 10, 2024 GSTR-8 (Tax Collected at Source ‘TCS’) May 10, 2024 GSTR-1 May 11, 2024 IFF- Invoice furnishing facility (Availing QRMP) May 13, 2024 GSTR-6 Input Service Distributor May 13, 2024 GSTR-2B (Auto-Generated Statement) May 14, 2024 GSTR-3B May 20, […]
1. Circular No. 7/2024: Extension of due date for filing of form 10A/10B Under the income-tax Act, 1961. Form No. 10A, in case of an application under clause (i) of the first proviso to clause (23C) of section 10 or under sub-clause (i) of clause (ac) of sub-section (1) of section 12A or under clause (i) of the first proviso […]
In this edition we have tried to bring you notice the latest amendment that followed in the month of March, 2024 issued by RBI, CCI and others. RBI Updates Master Direction – Reserve Bank of India (Bharat Bill Payment System) Directions, 2024 RBI has issued a Master Direction – Reserve Bank of India (Bharat Bill Payment System) Directions, 2024 which […]
CBDT issues clarification on time limit to verify Income-tax Returns The CBDT vide Notification No. 2 of 2024 dated 31.03.2024; has clarified that if income-tax return and e-verification/ITR V are submitted within 30 days of uploading, the upload date is considered as the filing date. If submitted after 30 days, the submission date becomes the filing date, with the consequence […]
GST Calendar –Compliances for the month of March’2024 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) April 10, 2024 GSTR-8 (Tax Collected at Source ‘TCS’) April 10, 2024 GSTR-1 April 11, 2024 IFF- Invoice furnishing facility (Availing QRMP) April 13, 2024 GSTR-6 Input Service Distributor April 13, 2024 GSTR-2B (Auto-Generated Statement) April 14, 2024 GSTR-3B April 20, […]
Adani Ports To Buy 95% Of Odisha’s Gopalpur Port For $162 Mn India Billionaire, Gautam Adani led Adani Ports and Special Economic Zone will buy a 95% stake in Odisha’s Gopalpur Port for an equity value of $161.74 million (around INR 1,349 crore) to bolster its east coast presence. India’s largest private port operator will purchase a 56% stake in […]