In today’s rapidly changing business environment, maintaining transparency, accountability, and strong internal controls has become more important than ever. One of the most effective tools that help organizations achieve these goals is internal audit. But the question arises — who actually needs an internal audit in India? Is it only for large corporations, or do startups and SMEs also require […]
The UK economy posted a stronger-than-expected growth of 0.7% in Q1 2025, a significant uptick from just 0.1% in the previous quarter. This growth came despite subdued sentiment and ongoing global trade tensions. – Services led the expansion, rising by 0.7%, with both consumer- and non-consumer-facing sectors contributing. Notably, admin, support services, and wholesale/retail saw solid gains, though accommodation, food, […]
In this edition we have tried to bring you notice the latest amendment that followed in the month of May, 2025 issued by SEBI, RBI, MCA and IBBI and Other laws. SEBI Revised FAQ of SEBI on digital Know Your Customer (KYC) process With the said revised FAQs, SEBI has taken a commendable step in this direction by reinforcing its […]
Brookfield Asset Management plans to triple its India investments to $100 billion (around INR 8,52,908 crores) in five years, driven by strong growth and demand in infrastructure and clean energy. The firm has already invested $12 billion (around INR 102,390 crores) each in infrastructure and real estate, and $3 billion (around INR 25,599 crores) in clean energy projects. Brookfield sees […]
Important GST Advisories—May 2025 May, 01,2025– Implementation of HSN Code Reporting in GSTR-1/1A (Phase-3) Starting May 2025, the third phase of HSN code reporting in GSTR-1/1A is being rolled out. Under this phase, taxpayers will need to select HSN codes from a dropdown list—4-digit codes for those with turnover up to ₹5 crore, and 6-digit codes for those exceeding ₹5 […]
CBDT Extends Due Date of filing of ITRs which were due for filing by 31-7-2025 The CBDT vide Press Release dated 27-5-2025; extends due date of filing ITRs for AY 2025-26 from July 31, 2025 to Sep. 15, 2025. CBDT updates ITR-U to allow filing of updated return up to 48 months, DATED 19-05-2025 The CBDT updates ITR-U to allow […]
In today’s competitive and ever-evolving business landscape, companies rely heavily on their in-house finance teams to manage day-to-day financial operations, compliance, reporting, budgeting, and forecasting. However, as businesses grow and encounter increasingly complex financial challenges, internal teams may require additional support. That’s where external financial experts come in. Bringing in external financial professionals—such as virtual CFOs, financial consultants, or advisory […]
The UK economy is showing tentative signs of recovery, but underlying challenges continue to weigh heavily. GDP grew by 0.6% in the three months to February 2025, a modest improvement driven largely by the service sector. Manufacturing bounced back in February with a 2.2% uptick, but output remains below last year’s levels. Construction also nudged upward by 0.4%. Productivity, although […]
In this edition we have tried to bring you notice the latest amendment that followed in the month of April, 2025 issued by MCA, SEBI, RBI and etc. MCA Proposed Amendment in Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 Budget announcement (2025-2026), Para 101, inter alia, states that the scope for fast track mergers will also be widened and the […]
Warburg Pincus and the Abu Dhabi Investment Authority (ADIA) will invest $877 million (around INR 7,421 crores) in IDFC First Bank. The bank’s board has approved a preferential equity issue of $576 million (around INR 4,876 crores) to Warburg Pincus and $310 million (around INR 2,624 crores) to ADIA, subject to shareholder and regulatory approvals. The funds will strengthen the […]