Blackstone Buys Care Hospitals, KIMS Health for $1Bn Blackstone Group Inc. has acquired controlling interests in Care Hospitals and Kims Health in a multi-layered deal valued at $1 billion, marking the private equity giant’s maiden foray into India’s healthcare sector. The New York-based firm secured roughly a 75% stake in Care Hospitals from Evercare Health Fund, an arm of TPG, […]
Service tax liability confirmed on remuneration, bonuses, and allowances disbursed to employees seconded from foreign entities, in accordance with the decision of the Supreme Court, as upheld by the Customs, Excise and Service Tax Appellate Tribunal (CESTAT). Summary: The CESTAT Chennai bench has affirmed the obligation of service tax on salaries paid to foreign-based expatriate employees who were […]
CBDT Vide Circular No. 16/2023 dated 18.09.2023; Extends Due Date For Filing Of Form 10B/10BB and Form ITR-7 For Assessment Year 2023-24; The due date of furnishing Audit reports in Form 10B/Form 10BB for the Financial Year 2022-23, which is 30-9-2023 has now been extended by the Central Board of Direct Taxes (CBDT) to 31-10-2023. The due date of furnishing […]
Every business, regardless of its size or industry, relies on sound financial management for its success. However, managing finances isn’t just about number-crunching or adhering to regulations. It’s about strategic planning, insightful decision-making, and optimizing resources. The linchpin for all these tasks is often a proficient Chartered Accountant Firm. Finding the right one is like adding a visionary financial partner […]
In this edition we have tried to bring you notice the latest amendment that followed in the month of July, 2023 issued by MCA, RBI, SEBI, IBBI and others. SEBI LAWS SEBI amends guidelines for institutional placement of units by InvITs, REITs (July 05, 2023) SEBI amended the guidelines for preferential issue and institutional placement of units by Infrastructure Investment […]
GST Calendar –Compliances for the month of July’2023 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) August 10, 2023 GSTR-8 (Tax Collected at Source ‘TCS’) August 10, 2023 GSTR-1 August 11, 2023 IFF- Invoice furnishing facility (Availing QRMP) August 13, 2023 GSTR-6 Input Service Distributor August 13, 2023 GSTR-2B (Auto-Generated Statement) August 14, 2023 GSTR-3B August 20, […]
CBDT NEW DELHI NOTIFICATION NO 52/2023, Dated: July 20, 2023 No deduction of tax u/s 194 of the IT Act 1961 from any income in the nature of dividend paid by any unit of an International Financial Services Centre [engaged in the business of leasing of an aircraft] CBDT NEW DELHI NOTIFICATION NO 54/2023, Dated: August 1, 2023 The CBDT […]
India’s Reliance Industries will invest up to INR 10 billion ($122.24 million) in building data centres in the country along with Canada-based Brookfield Infrastructure. The announcement comes at a time when data centre capacity in India is expected to rise exponentially as more people go online. Reliance will initially invest about INR 3.78 billion in units of Mercury Holdings SG […]
Key Factors to Consider for Smooth Compliance and Financial Efficiency As a business owner, navigating the complexities of Goods and Services Tax (GST) compliances juxtaposed with supply chain and business can be a daunting task. With ever-changing regulations and a constant need for accurate reporting, it’s crucial to have a reliable GST service provider with a deep understanding of GST […]
In this edition we have tried to bring to your notice the latest amendments that followed in the month of June, 2023 issued by MCA, RBI, SEBI, IBBI and others. SEBI LAWS Master circular on scheme of arrangement by listed entities and relaxation under sub rule (7) of rule 19 of the securities contracts (regulation) rules,1957 SEBI has notified the […]