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The Income Tax Department has increased its focus on the reporting of foreign assets and overseas income in Income Tax Returns. Many taxpayers are now receiving SMS and email alerts asking them to review foreign bank accounts, investments, properties and other overseas holdings before filing their ITR for Assessment Year 2026–27. The alerts follow a
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Managing GST compliance across several states can be difficult for businesses with a pan-India presence. A company may operate under one PAN but hold separate GST registrations in every state where registration is required. This can lead to multiple returns, notices, audits and interactions with different tax offices. To address this issue, the Central Board
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The United States has announced a major change in its approach to imported generic medicines. Under the proposed plan, generic drugs will continue to enter the US at a 0% tariff for two years from August 2026. The tariff would then increase to 100% for one year and eventually rise to 200%. The objective is
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If your company in India has any foreign investment, here is some good news. The Reserve Bank of India (RBI) has given you more time. The due date for filing the annual Foreign Liabilities and Assets (FLA) Return, which was earlier set for 15th July 2026, has now been extended to 31st July 2026. This
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If your company has pending ROC filings, here is some good news. The Ministry of Corporate Affairs (MCA) has given you more time. The Companies Compliance Facilitation Scheme, 2026 (CCFS-2026), which was earlier set to close on 15th July 2026, has now been extended up to 31st August 2026. This extension was announced through MCA
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On Thursday (2nd July, 2026), India and Japan signed a fresh set of agreements that could change the way Japanese companies look at India. During the 16th India–Japan Annual Summit in New Delhi, Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi signed several important pacts and Memorandums of Understanding (MOUs) covering trade, artificial
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Important Notice: The Ministry of Corporate Affairs (MCA) has extended the deadline for filing Form DPT-3 for Financial Year 2025-2026. You now have until July 31, 2026 to file without paying additional fees. Read on to understand what this means for your business. What is Form DPT-3? Form DPT-3, also known as the Return
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Are you a foreign investor, NRI, or individual looking to set up a manufacturing unit in India, especially in one of India’s booming sectors? According to the recent article, India is preparing for its next big manufacturing opportunity — lithium and nickel processing. The government is planning to offer incentives for companies that set up
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For years, businesses focused on one thing: building a great product and selling it. A bank sold credit cards. A restaurant served food. A travel company booked flights. But things are changing. Recently, American Express announced its proposed acquisition of TheFork, a restaurant booking platform in Europe. This comes after its earlier acquisitions of restaurant-tech companies like Resy and Tock. Now,
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