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AlphaVision Management Consultant LLP Set to Transform Indian SME & MSME Landscape with IPO and Strategic Fund-Raising Solutions:

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AlphaVision Management Consultant LLP, under the visionary leadership of Akhil Jain, is poised to revolutionize the financial consulting sector with its landmark IPO and innovative service offerings. As the company prepares to make its mark on the public markets, it stands at the forefront of providing comprehensive solutions that cater to the dynamic needs of […]

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GST from imports hit Rs.50,000 crores in August, raises share in overall mop-up:

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Gross GST collections were Rs 1.74 lakh crores in August, a year-on-year growth of 10%, and net collections (after refunds) were Rs 1.5 lakh crores, up 6.5%. Even though consumer goods imports are a major part of the inward shipments, the rise in imports of industrial raw materials and intermediate goods also contributed to the […]

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Overseas Citizen of India (OCI) income tax depends on person’s residency status under I-T Act:

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A foreign national applied for an OCI card based on her marriage to an Indian citizen, but her application was rejected as her estranged husband was not present. While her petition was upheld by the Delhi High Court, the Supreme Court ruled that the Indian spouse’s physical or virtual presence was mandatory under Section 7-A(d) […]

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Services PMI rises to five-month high of 60.9 in August as new business growth ticks higher:

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The HSBC India Services Business Activity Index, or services PMI, stood at 60.9 on resilient demand amid easing inflationary pressures, data released by S&P Global showed. India’s services activity rose at a five-month high in August. The services PMI was up from 60.3 in July and the headline figure indicated the strongest rate of expansion since March […]

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Moody’s ups India’s 2024 GDP growth forecast to 7.2% on strong growth News

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Moody’s Ratings boosted India’s GDP growth forecast to 7.2% for 2024 and 6.6% for 2025, highlighting solid growth and moderating inflation as key factors. The update also notes improvements in corporate balance sheets, rural demand and digital infrastructure investments, signalling a robust economic outlook for the country. The ratings agency noted that growth could exceed […]

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New TDS Rate on Rent from 1st October 2024 – Section 194IB

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The Union Budget 2024 introduced several changes to the tax structure, TDS Rates and TCS Rates, one of which pertains to the Tax Deducted at Source (TDS) on rent payments. Specifically, the TDS rate under Section 194-IB has been revised from 5% to 2%, effective from 1st October 2024. Understanding Section 194-IB of the Income […]

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Top 10 Fastest Growing Major Economies in the World 2024: India Beats US, China in This Ranking! Check List

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Top 10 Fastest Growing Major Economies in The World 2024: Top 10 fastest growing major economies 2024: Which are the top 10 fastest growing major economies in the world? This is one ranking in which India beats the United States of America and China! For the purpose of arriving at the list of the fastest […]

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MSMEs Get a Major Boost in Union Budget 2024: Easier Loans, Wider Market Access

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Synopsis A new Credit Guarantee Scheme proposed for manufacturing MSMEs to secure term loans for the purchase of equipment and machinery without collateral or third-party guarantee. The budget also proposed to increase the Mudra loan limit to ₹20 lakh under the ‘Tarun’ category for borrowers who have borrowed and repaid earlier ‘Tarun’ category loans. The […]

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The Ministry of Corporate Affairs (“MCA”) Notifies the Companies (Appointment and Qualification of Directors) (Amendment) Rules, 2024

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MCA has introduced amendments to the Companies (Appointment and Qualification of Directors) Rules, 2014, which have come into effect on August 1, 2024. These changes aim to enhance transparency and simplify the procedures for appointing directors. Notably, the amendment to rule 12A now mandates that updates made to personal information of directors must be done […]

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India’s quest for a key spot-on global manufacturing map

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India still needs to cover some distance before manufacturing can contribute 25% of GDP. This next leap requires action from both the Government and private sectors. The Government should continue improving the cost of doing business through infra investments. The 2020s has already been a decade of uncertainties. The pandemic, regional conflicts and energy price […]

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