India

KPMG News 

Welcome to the KPMG News. This section covers the KPMG press releases and media coverage.

 

Press Release - 2015
Business transformation a "must do" for global industrial manufacturers: KPMG survey6/3/2015
The changing faces of financial reporting and tax reporting in India: Adoption of Ind-AS and ICDS5/29/2015
KPMG in India ‘Ind-AS Pulse – Transition Readiness Survey'5/15/2015
Method Park and KPMG in India sign a partnership agreement5/12/2015
10 ways to improve the supply chain: KPMG International addresses complicated4/22/2015
Maharashtra to focus on affordable homes4/22/2015
Construction Project Failures Weigh on Industry Despite Advances in Planning and Controls, Finds KPMG Survey4/15/2015
Making India the Global Entertainment Superpower3/25/2015
KPMG launches new guide for green bond issuers3/20/2015
Adoption of Indian Accounting Standards likely to improve India’s place in global rankings on corporate governance and transparency in financial reporting says KPMG in India2/5/2015
First marque IFRS event to be held in India1/23/2015
Minister of State for Finance, Jayant Sinha launches ‘The CFO Board’: An initiative by finance leaders1/13/2015
Small Is The Way To Go: KPMG’s Global Automotive Executive Survey 20151/8/2015

 

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Press Coverage - 2015
GST is not just a tax reform but it is a socio-economic reform
As the government tries hard to push the Goods and Service Tax (GST), industry experts say that this is going to change a lot of things in the country, and not just on tax front. In a free flowing chat, Sachin Menon, chief operating officer, tax and national head, indirect tax shares how GST would boost socio-economic reform and reduce corruption.
Author: Sachin Menon
Source: economictimes.com
Date: 6/10/2015
Woman director: last minute rush by firms to comply with rule
Sai Venkateshwaran, India-Head, Accounting Advisory Services, KPMG in India, said, it is important for regulators to ensure that companies are encouraged to comply with the spirit of the regulation and achieve the objectives rather than just comply in legal form.
Author: Sai Venkateshwaran
Source: The Hindu Business Line
Date: 3/31/2015
Cos Act: Norms on women, independent directors effective from April

Many new norms, including compulsory requirement of appointing women directors, will come into force from April 1 for companies as relevant transition timelines ends today. Sai Venkateshwaran, Partner and Head, Accounting Advisory Services, KPMG in India said that transition timelines related to some regulations would be ending today.

"In implementing the Companies Act, 2013, companies were given a one-year time frame to comply with some of the requirements such as induction of independent directors and women directors, setting up of committees of the board...

"These requirements will now become applicable from 1 April, 2015, on expiry of the transition timelines," he said.

Author: Sai Venkateshwaran
Source: The Economic Times
Date: 3/31/2015
Cos Act: Norms on women, independent dirs effective from April
Many new norms, including compulsory requirement of appointing women directors, will come into force from April 1 for companies as relevant transition timelines ends today. Sai Venkateshwaran, Partner and Head, Accounting Advisory Services, KPMG in India said that transition timelines related to some regulations would be ending today.
"In implementing the Companies Act, 2013, companies were given a one-year time frame to comply with some of the requirements such as induction of independent directors and women directors, setting up of committees of the board...
"These requirements will now become applicable from 1 April, 2015, on expiry of the transition timelines," he said.
Author: -
Source: Business Standard
Date: 3/31/2015
Rollback of advance pricing agreements: CBDT should consider extending deadline
The Central Board of Direct Taxes (CBDT) had introduced the APA programme in India in July 2012.APA refers to an agreement between a taxpayer and the tax authorities on the pricing of an existing or proposed transaction between related parties. If the taxpayer and the revenue authorities agree to a particular price, they may enter into an agreement that would then be valid for a period of five years. During the past two years, around 378 APA applications have been filed and we un derstand that this year as well, the APA programme has received a positive response.
Author: Rohan Phatarphekar
Source: The Economic Times
Date: 3/27/2015

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Press Contacts
Subir Moitra

Director - Marketing & Communications

KPMG in India

Building No.10, 8th Floor, Tower B,

DLF Cyber City, Phase II, Gurgaon,

Haryana-122002

Tel : +91 98111 99613

Email: smoitra@kpmg.com

  

 

Media contacts

Subir Moitra
Director - Marketing and Communications,
KPMG in India
Building No.10, 8th Floor, Tower B,
DLF Cyber City, Phase II, Gurgaon,
Haryana-122002

+91 98111 99613

smoitra@kpmg.com



Vidya Mohan
Associate Director – Brand, Marketing and Communications,
KPMG India,
Lodha Excelus,
1st Floor, Apollo Mills Compound,
N.M. Joshi Marg, Mahalakshmi,
Mumbai - 400 011

+91 9820770846

vidyamohan@kpmg.com