What is GIFT City and How is it Beneficial Gujarat International Finance Tec-City, better known as GIFT City, is a buzzing business district located in Gandhinagar, Gujarat. The vision behind it? To build a world-class finance and IT zone that not only caters to India but serves clients across the globe. It’s quickly becoming a global hub for financial and […]
Due Date Tax Submission 7th Nov Due date for deposit of Tax deducted/collected for the month of October, 2024. 14th Nov Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB, 194M & 194S in the month of September, 2024 15th Nov Quarterly TDS certificate (in respect of tax deducted for payments other than salary) for the […]
Reeves’s Opening Remarks: Setting the Stage for National Renewal Rachel Reeves has announced her vision for a decade of “national renewal,” following the mandate for change that the UK electorate granted the Labour government. With the goal of putting “more pounds in people’s pockets” and raising living standards, Reeves emphasizes the need for an “invest, invest, invest” approach to drive […]
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 […]