In this edition we have tried to bring to your notice, the latest amendments that followed in the month of October, 2024 issued by MCA and SEBI. MCA UPDATE The Companies (Indian Accounting Standards) Third Amendment Rules, 2024 As per said amended rules, an insurer or insurance company may provide its financial statement as per Ind AS 104 for the […]
Adani-Owned Ambuja Cements To Acquire Orient Cement Ambuja Cements has announced its agreement to acquire Orient Cement Ltd, a company under the CK Birla Group, for an equity value of $964 million (around INR 8,100 crores). Ambuja will purchase 46.8% of OCL from its current promoters and certain public shareholders, and has also made an open offer to acquire an […]
Technology plays a vital role in today’s business environment, as we can see that every industry is using the high-end ERP systems to run their business smoothly whether it is their regular day to day operations or the regulatory compliances as applicable to the business. Due to change in business environment the complexity of commercial transactions are also getting increased […]
GST Calendar –Compliances for the month of November ’2024 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) November 10,2024 GSTR-8 (Tax Collected at Source ‘TCS’) November 10,2024 GSTR-1 November 11,2024 IFF- Invoice furnishing facility (Availing QRMP) November 13,2024 GSTR-6 Input Service Distributor November 13,2024 GSTR-2B (Auto Generated Statement) November 14,2024 GSTR-3B November 20,2024 GSTR-5 (Non-Resident Taxable Person) […]
CBDT extends ITR due date from 31st October to 15th November 2024 The CBDT vide Circular No. 13/2024 has extended the due date for furnishing the Income Tax Return (ITR) for Assessment Year 2024-25 under section 139(1) of the Income Tax Act from 31-10-2024 to 15-11-2024. ORDER NO. F. No. 173/118/2024-ITA-I, DATED 7-10-2024 The CBDT further extends due date for filing […]
Auditors perform an important role in the financial ecosystem, ensuring the accuracy and integrity of financial statements and reports. Their work helps to enhance stakeholder confidence, promote transparency, and ensure compliance with applicable laws and regulations. In an increasingly complex financial landscape, the duties and responsibilities of auditors have expanded to meet the needs of diverse organizations. Making their role […]
7th Oct Due date for deposit of Tax deducted/collected for the month of September, 2024. 7th Oct Due date for deposit of TDS for the period July 2024 to September 2024 when Assessing Officer has permitted quarterly deposit of TDS under section 192, 194A, 194D or 194H 7th Oct [Extended] Due date for filing of audit report under section 44AB for the assessment year 2024-25 in the […]
With the new UK government’s first Budget set for 30th October, UK Finance has explored the public finances they inherited and potential policy directions. The latest figures reveal borrowing is higher than expected, driven by increased spending on public services and benefits. This year’s borrowing is the third highest since 1983, and significant overspending in some departments points to difficult […]
In this edition we have tried to bring to your notice the latest amendment that followed in the month of September, 2024 issued by MCA and SEBI. MCA UPDATE IEPFA upgrades Call Centre and IVRS Support With New Toll-Free Number — 14453 This new toll-free number replaces the old toll-free number 1800 114 667 and is designed to provide users […]
An infrastructure investment trust (InvIT) established by private equity firm KKR & Co. has secured a government contract for a 252 km segment of highways, emerging as the highest bidder with a bid of $797 million (around INR 6,661 crores). This contract pertains to a section of the Hyderabad-Nagpur corridor in the southern state of Telangana. The concession period for […]