Ministry of Corporate Affairs (MCA) Small company threshold change MCA, through Companies (Specification of Definition Details) Amendment Rules, 2025, has notified the increase in the definition of small companies from Rs. 2 Crore to Rs. 10 Crores as paid-up capital and from Rs. 20 crore to Rs. 100 crore as turnover effective on December 1st, 2025 as a measure to […]
January 2026 – Tax Calendar 7th Jan Due date for deposit of Tax deducted/collected for the month of December, 2025 7th Jan Due date for deposit of TDS for the period October 2025 to December 2025 when the Assessing Officer has permitted quarterly deposit of TDS under Sections 192, 194A, 194D or 194H. 14th Jan Due date for issue of […]
Important Judicial Precedents Non-compete fee paid to restrict competition held allowable as revenue expenditure under sec. 37(1): SC [2025] 181 taxmann.com 657 (SC) Sharp Business System vs. Commissioner of Income-tax Where assessee paid a non-compete fee to restrain another party from operating in same business segment, such payment merely protected or enhanced assessee’s business profitability and facilitated more efficient conduct […]
Indirect Tax News Letter GST Calendar –Compliances for the month of December ’2025 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) January 10, 2026 GSTR-8 (Tax Collected at Source ‘TCS’) January 10, 2026 GSTR-1 January 11, 2026 IFF- Invoice furnishing facility (Availing QRMP) January 13, 2026 GSTR-6 Input Service Distributor January 13, 2026 GSTR-2B (Auto Generated Statement) […]
05 DEC 2025: IFSCA, Taiwan’s FSC Sign MoU to Deepen Financial Regulatory Cooperation The International Financial Services Centres Authority (IFSCA) and Taiwan’s Financial Supervisory Commission Taiwan (FSC) have entered into a Memorandum of Understanding (MoU) to strengthen regulatory cooperation in areas of mutual interest. The MoU was virtually exchanged and operationalized on December 3, 2025, on the sidelines of the […]
Dear Readers, During the month of December 2025 our CEO Mr. Raghu Marwah participated at the GGI Asian Conference in Bangkok where he gave two presentations, one on ‘Gift City Based Alternative Investment Fund: Advantages’ and the other on ‘GST 2.0: India’s Next Tax Revolution’ as part of the International Tax Practice Group. The conference was held at the Peninsula […]
Japan’s MUFG Bank To Buy 20% Stake In Shriram Finance In Largest Foreign NBFC Bet Japan’s MUFG Bank will acquire a 20% stake in Shriram Finance for $4.4 billion (Around INR 39,618 crores) through a preferential allotment, marking the largest foreign investment in India’s financial services sector. Shriram Finance will issue 47.1 crore shares at INR 840.9 per share, subject […]
03 Nov 2025: FATF High-Risk & Monitored Jurisdictions The Financial Action Task Force (FATF) Plenary released updated lists of jurisdictions with strategic AML/CFT deficiencies: High-Risk Jurisdictions – Subject to Call for Action FATF urges all countries to apply countermeasures, targeted financial sanctions, and enhanced due diligence for: Democratic People’s Republic of Korea (DPRK) Iran Myanmar Jurisdictions Under Increased Monitoring (Grey […]
Brookfield REIT To Acquire Bengaluru’s Ecoworld For $1.5 Bn Brookfield India Real Estate Trust, a publicly listed entity sponsored by Brookfield, has signed an agreement to acquire 100% of Ecoworld for $1.5 billion (around INR 13,412 crores). Ecoworld is a 7.7 million sq. ft. office campus on 48 acres along Bengaluru’s Outer Ring Road, leased to global capability centers […]
Dear Readers, During the month of November 2025 we are pleased to share the successful conduct of the Webinar organized by RNM India on ‘India-Russia Business Collaboration: Trade Taxation Market Entry Strategies’ moderated by Mr. Raghu Marwah, CEO with Expert Speakers from Russia including Mr. Thomas Brand, Ms. Ekaterina Kabanova, Mr. Gleb Stepanova all from Brand & Partners, Moscow […]