UK Economy Demonstrates Resilience in Q1 2024 The economic landscape of the United Kingdom exhibited notable strength during the initial quarter of 2024, surpassing expectations with a 0.6% increase in GDP. This achievement exceeded earlier projections and outpaced growth rates observed in both the United States and key eurozone nations. While sectors like manufacturing and services experienced significant expansion, challenges […]
In this edition we have tried to bring you notice the latest amendment that followed in the month of May, 2024 issued by MCA, RBI and SEBI. MCA Updates MCA tightens scrutiny of beneficial ownership norms for foreign-owned companies The Ministry of Corporate Affairs has tightened its scrutiny of beneficial ownership standards for companies owned and controlled by foreign investors, […]
In today’s complex business environment, maintaining transparency, strong governance and ethical practices is no longer a luxury – it’s a necessity. In the world of business rules, where tough moral questions pop up all the time, internal audit is like a trustworthy guide playing a crucial role in safeguarding of assets, integrity and fostering a culture of ethical behaviour within […]
Alphabet’s Google will pick up a minority stake worth $350 million in Walmart-backed Flipkart, valuing the Indian e-commerce firm at $37 billion. The tech giant will join in as an investor in the latest funding round for the Bengaluru-based company. The round will be led by Walmart, Flipkart’s biggest shareholder and will make Google a minority investor, subject to approvals. […]
GST Calendar –Compliances for the month of May’2024 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) June 10, 2024 GSTR-8 (Tax Collected at Source ‘TCS’) June 10, 2024 GSTR-1 June 11, 2024 IFF- Invoice furnishing facility (Availing QRMP) June 13, 2024 GSTR-6 Input Service Distributor June 13, 2024 GSTR-2B (Auto-Generated Statement) June 14, 2024 GSTR-3B June 20, […]
NOTIFICATION S.O. 2103(E) [NO. 44/2024/F.NO.370142/10/2024-TPL], DATED 24-5-2024 The CBDT via this notification notified ‘363’ Cost Inflation Index (CII) for Financial Year 2024-25. 2. Notification G.S.R. 233 (E), dated 27th March , 2024. The CBDT amends Form 27Q; added ‘Note 7A’ for furnishing information about lower or no TDS under section 197A. Taxpayers are now required to write “P” if lower […]