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May 12, 2025

Direct Tax Updates for April 2025

NOTIFICATION G.S.R. 252(E) [NO. 35/2025/F.NO. 370142/11/2025-TPL], DATED 22-4-2025 The CBDT vide notification dated 22.04.2025; notifies 10 luxury goods liable to TCS; list includes home theatre systems, shoes, handbags etc.  NOTIFICATION NO. 25/2025 [G.S.R. 217(E)/F. NO. 370142/1/2025-TPL], DATED 3-4-2025 Person allotted PAN based on enrollment ID shall intimate his Aadhaar Number on or before 31-12-2025. NOTIFICATION NO. 30/2025 [G.S.R. 221(E)/F.NO. 370142/29/2024-TPL], DATED […]

Direct Tax
April 22, 2025

Top 10 Benefits of Hiring a Virtual CFO

In today’s rapidly evolving business landscape, financial agility and strategic oversight are more crucial than ever. For startups, SMEs, and even established enterprises, navigating complex financial challenges while focusing on core business operations can be overwhelming. This is where a Virtual CFO (Chief Financial Officer) steps in as a transformative solution. A VCFO offers the expertise of a traditional CFO […]

General
April 16, 2025

UK Economy April 2025: A Mixed Bag of Resilience and Risks

Contrasting sector trends, a shaky export environment, and cautious optimism in property markets shape the UK’s economic outlook. Diverging Fortunes Across Sectors The UK economy started 2025 on uncertain footing, with overall output dipping by 0.1% in January. The production sector faced the biggest setbacks, shrinking by 0.9% as mining, quarrying, and manufacturing activities declined. Mining and quarrying saw the […]

United Kingdom
April 16, 2025

Corporate Finance Updates – March 2025

Patanjali, DS Group To Buy Magma General For Over $500 Mn To Enter Insurance Sector Patanjali Ayurved Ltd and the DS Group have partnered to enter India’s insurance sector by acquiring Magma General Insurance Ltd from Sanoti Properties LLP (owned by Adar Poonawalla) and other shareholders. The acquisition, valued at approximately $517 million (around INR 4500 crores), is pending regulatory […]

Corporate Finance
April 16, 2025

Indirect Tax Updates March 2025

Key GST Amendments Effective April 1, 2025 The Goods and Services Tax (GST) framework in India is set to undergo significant amendments to enhance compliance, streamline tax administration, and improve transparency in business transactions. Below are the major changes: 1. Tax Rate Changes Used Car Sales: GST rate increased from 12% to 18%, impacting the pre-owned car market. GST Rates […]

INDIRECT TAX
April 16, 2025

Direct Tax Updates of March 2025

NOTIFICATION G.S.R. 207(E) [NO. 23/2025/F. NO. 370142/10/2025-TPL], DATED 28-3-2025 The CBDT amends Form 3CD; new clause 36B inserted to report sum received for buyback of shares applicable for AY 2025-26. NOTIFICATION G.S.R. 195(E) [NO. 22/2025/F.NO. 370142/08/2025-TPL], DATED 27-3-2025 The CBDT notifies amendment in Form 26Q & 27Q to include TDS on payment of salary, remuneration, etc. to partner. Lok Sabha passes Finance […]

Direct Tax
March 13, 2025

Corporate Finance Alert February 2025

NIIF, BII, Eversource to exit Ayana Renewable in $2.3 Bn deal The National Investment and Infrastructure Fund (NIIF), British International Investment (BII), and Eversource Capital have agreed to sell their renewable energy platform, Ayana Renewable Power, to a joint venture between ONGC and NTPC. The acquisition, valued at $2.3 billion (around INR 19,500 crores), includes debt and marks ONGPL’s first […]

Corporate Finance
March 13, 2025

Liquidity Enhancement Scheme for Bullion Exchange

Introduction On February 4, 2025, the International Financial Services Centres Authority (IFSCA) introduced the Liquidity Enhancement Scheme (LES) for Bullion Exchange, which allows the IFSC bullion exchange to create schemes aimed at improving the liquidity of illiquid commodity derivatives contracts.  Key Points Oversight by the Governing Board: The governing board must approve the scheme, which is valid for one year.  […]

Gity City
March 13, 2025

UK Economic Review: March 2025 Summary

The UK’s economic growth for the final quarter of 2024 was slightly positive, showing a modest 0.1% increase in GDP. This marginal growth was better than the anticipated stagnant growth and marked a small step up from the previous quarters of the year. For the entirety of 2024, the UK economy expanded by 0.9% compared to the previous year, indicating […]

United Kingdom

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