May 27, 2024

Corporate Finance Alert April 2024 – Godrej Family to Split Conglomerate into Two Part

India’s Godrej family has decided to restructure its shareholding in the conglomerate to operate as two entities, Godrej Enterprises and Godrej Industries. The realignment will be implemented after the relevant regulatory approvals have been obtained, after which the two companies will continue to use the Godrej brand. Godrej Enterprises Group (GEG) will be headed by 75-year-old Jamshyd Godrej as chairperson […]

Corporate Finance
May 25, 2024

RNM: Indirect Tax Alert April 2024

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

INDIRECT TAX
May 5, 2024

RNM Tax Alert – Direct Tax Part for April 2024

1. Circular No. 7/2024: Extension of due date for filing of form 10A/10B Under the income-tax Act, 1961. Form No. 10A, in case of an application under clause (i) of the first proviso to clause (23C) of section 10 or under sub-clause (i) of clause (ac) of sub-section (1) of section 12A or under clause (i) of the first proviso […]

Direct Tax
May 3, 2024

Understanding Financial Statements: A Beginner’s Guide for Entrepreneurs

Navigating the financial world may be challenging for entrepreneurs, especially when they have to deal with complex data like Financial Statements. But understanding or analysing those assertions is essential to making sound decisions and moving your organization towards success. Here in the beginners guide, we have tried to simplify the basic fundamentals of financial statements and their construction so users […]

Corporate Finance
April 28, 2024

Transaction & Regulatory Advisory Services – March 2024

In this edition we have tried to bring you notice the latest amendment that followed in the month of March, 2024 issued by RBI, CCI and others.  RBI Updates Master Direction – Reserve Bank of India (Bharat Bill Payment System) Directions, 2024 RBI has issued a Master Direction – Reserve Bank of India (Bharat Bill Payment System) Directions, 2024 which […]

Corporate & Legal
April 25, 2024

Direct Tax Alert – March 2024

CBDT issues clarification on time limit to verify Income-tax Returns The CBDT vide Notification No. 2 of 2024 dated 31.03.2024; has clarified that if income-tax return and e-verification/ITR V are submitted within 30 days of uploading, the upload date is considered as the filing date. If submitted after 30 days, the submission date becomes the filing date, with the consequence […]

Direct Tax
April 20, 2024

Indirect Tax Alert – March 2024

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

INDIRECT TAX
April 17, 2024

Corporate Finance Alert – March 2024

Adani Ports To Buy 95% Of Odisha’s Gopalpur Port For $162 Mn India Billionaire, Gautam Adani led Adani Ports and Special Economic Zone will buy a 95% stake in Odisha’s Gopalpur Port for an equity value of $161.74 million (around INR 1,349 crore) to bolster its east coast presence. India’s largest private port operator will purchase a 56% stake in […]

Corporate Finance
April 16, 2024

Importance of UDIN in Internal Audit and Stock Takes

Introduction The Unique Document Identification Number (UDIN) is a system introduced by the Institute of Chartered Accountants of India (ICAI) to authenticate documents and ensure their credibility. It aims to enhance transparency, accountability, and quality in professional services, including Internal Audits and Stock Takes. Importance of UDIN in Internal Audits and Stock Takes: Authentication and Traceability: UDIN serves as a […]

INDIRECT TAX

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