OUR LATEST BLOGS

July 13, 2024

The Evolving Landscape of Internal Audit: From SOX to ESG and Beyond

In today’s corporate landscape, maintaining robust governance practices is imperative for sustained growth and stakeholder trust. Internal audit, Sarbanes-Oxley (SOX) audit, and Environmental, Social, and Governance (ESG) frameworks each play a pivotal role in enhancing corporate governance. This article explores the interplay between these three pillars, highlighting their significance in fostering transparency, accountability, and long-term value creation. Internal Audit Internal […]

Internal Audit
July 10, 2024

RNM: Indirect Tax Alert June 2024

GST Calendar –Compliances for the month of June’2024 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’)  July 10, 2024 GSTR-8 (Tax Collected at Source ‘TCS’)  July 10, 2024 GSTR-1  July 11, 2024 IFF- Invoice furnishing facility (Availing QRMP) July 13, 2024 GSTR-6 Input Service Distributor July 13, 2024 GSTR-2B (Auto-Generated Statement) July 14, 2024 GSTR-3B  July 20, […]

INDIRECT TAX
July 5, 2024

RNM Tax Alert – Direct Tax for June 2024

Important Judicial Precedents 1. As per the settled position in law, interest accrued on compensation received can be termed as capital receipt & hence, not taxable: HC [2024-TIOL-960-HC-DEL-IT_ITA 1114/2018 _PCIT-4 Vs. INS FINANCE AND INVESTMENT PVT LTD] It is pertinent to point out that this amount cannot be characterized as compensation granted by the Court on account of cancellation of […]

Direct Tax
June 27, 2024

UK Economic Insight, May 2024

UK Economy Demonstrates Resilience in Q1 2024 The economic landscape of the United Kingdom exhibited notable strength during the initial quarter of 2024, surpassing expectations with a 0.6% increase in GDP. This achievement exceeded earlier projections and outpaced growth rates observed in both the United States and key eurozone nations. While sectors like manufacturing and services experienced significant expansion, challenges […]

United Kingdom
June 23, 2024

Transaction & Regulatory Advisory Services Alert – May 2024

In this edition we have tried to bring you notice the latest amendment that followed in the month of May, 2024 issued by MCA, RBI and SEBI.  MCA Updates MCA tightens scrutiny of beneficial ownership norms for foreign-owned companies The Ministry of Corporate Affairs has tightened its scrutiny of beneficial ownership standards for companies owned and controlled by foreign investors, […]

General
June 15, 2024

Elevating Integrity: The Vital Role of Internal Audit in Governance and Ethics

In today’s complex business environment, maintaining transparency, strong governance and ethical practices is no longer a luxury – it’s a necessity. In the world of business rules, where tough moral questions pop up all the time, internal audit is like a trustworthy guide playing a crucial role in safeguarding of assets, integrity and fostering a culture of ethical behaviour within […]

Internal Audit
June 15, 2024

Corporate Finance Alert May 2024 – Google To Invest $350 Mn In Flipkart At $37 Bn Valuation

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. […]

Corporate Finance
June 7, 2024

RNM: Indirect Tax Alert May 2024

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, […]

INDIRECT TAX
June 5, 2024

RNM Tax Alert – Direct Tax Part for May 2024

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 […]

Direct Tax
May 27, 2024

Corporate Finance Alert April 2024 – Godrej Family to Split Conglomerate into Two Part

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 […]

Corporate Finance

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