December 2024 – Tax Calendar

December 2024 – Tax Calendar   7th Dec ​Due date for deposit of Tax deducted/collected for the month of November, 2024. 15th Dec ​3rd instalment of advance tax for the AY 2025-26​ 15th Dec ​​Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB, 194M & 194S in the month of October, 2024 15th Dec [Extended] Return of […]

Corporate Finance Alert November 2024

Bain Capital Raises $9 Bn for Special Situations Fund  Bain Capital, which recently became a shareholder in an Indian auto component and construction equipment manufacturer, has successfully completed fundraising for its latest special situations fund. With this raise, the firm has emerged as one of the largest investors in the special situations space globally. Bain Capital has successfully raised $9 […]

Indirect Tax and GST Updates November 2024

GST Calendar –Compliances for the month of November ’2024 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’)  December 10,2024 GSTR-8 (Tax Collected at Source ‘TCS’)  December 10,2024 GSTR-1  December 11,2024 IFF- Invoice furnishing facility (Availing QRMP) December 13,2024 GSTR-6 Input Service Distributor December 13,2024 GSTR-2B (Auto Generated Statement) December 14,2024 GSTR-3B  December 20,2024 GSTR-5 (Non-Resident Taxable Person) […]

RNM Tax Alert – Direct Tax Part for November 2024

Due date for filing ITR for AY 2024-25 for assessee required to furnish TP report extended till 15-12-2024: CBDT The CBDT vide Circular No. 18/2024 has extended the due date for furnishing the Return of Income for the Assessment Year 2024-25 for assessees required to furnish a TP report. The due date has been extended from 30th November 2024 to […]

November 2024 – Tax Calendar

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 […]

Corporate Finance Updates – October 2024

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 […]

Indirect Tax and GST Updates October 2024

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) […]

RNM Tax Alert – Direct Tax Updates for October 2024

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 […]

KKR’s India Highways InvIT Gets $797 Mn Contract

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 […]

Indirect Tax Updates September 2024

GST Calendar –Compliances for the month of October’2024 Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’)  October 10,2024 GSTR-8 (Tax Collected at Source ‘TCS’)  October 10,2024 GSTR-1  October 11,2024 IFF- Invoice furnishing facility (Availing QRMP) October 13,2024 GSTR-6 Input Service Distributor October 13,2024 GSTR-2B (Auto Generated Statement) October 14,2024 GSTR-3B  October 20,2024 GSTR-5 (Non-Resident Taxable Person) October […]