Introduction: Green Finance is a sustainable or responsible finance that effectively finances projects with environmental benefits, such as reducing greenhouse gas emissions, improving energy efficiency, or enhancing the circular economy. In simple words “Green Finance” is a loan or investment that promotes environmentally-positive activities, such as the purchase of ecologically-friendly goods and services or the construction of green infrastructure. […]
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 […]
Private equity firm KKR has poured INR 2,069.5 crore (about $250 million) as additional capital into Reliance Retail Ventures Ltd, a unit of the oil-to-telecom conglomerate Reliance Industries Ltd, at a valuation of around $100 billion. The investment increases KKR’s stake in Reliance Retail Ventures to 1.42% from 1.17%. KKR previously invested INR 5,550 crore in Reliance Retail in 2020. […]
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 […]
Registering a start-up is a crucial step in establishing a Legal entity that can operate in the business world.However, start-ups often encounter several challenges during the registration process, hindering their progress and growth. Some of common issues faced by start-ups in getting registration are- Lack of knowledge & guidance: Many start-up founders are often inexperienced in the legal aspects of […]
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, […]
DPT 3 is a return of deposits that companies must file to furnish information about deposits and/or outstanding receipt of loan or money other than deposits. Background In order to safeguard the interest of creditors or depositors, the Central Government in consultation with the Reserve Bank of India notified the amendment in the Companies (Acceptance of Deposits) Rules 2014 through […]
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 […]