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Archive: 29 February 2020

Posts in 29 February 2020

The Joy of Being Alone

February 29, 2020 1911 Views 0 comment Print

A series of events overtook me few months back in such a way that I felt left alone amidst people. I know not why but when the feeling of loneliness comes, its effect is sometimes devastating leading to depression.  Is it because I smile when I actually want to cry, I talk but I want […]

Accounting & Billing Software Providers to enrol for update on GST e-invoice

February 29, 2020 1821 Views 1 comment Print

Accounting and Billing Software Providers can enrol with GSTN to receive regular updates on e-invoice. An e-invoice standard has been finalized after consultation with trade/industry bodies as well as ICAI. Adoption of this new standard ensures complete inter-operability of e-invoices across the entire GST eco-system. The new system eliminates the need for fresh data entry, […]

RBI-FLA Reporting Though Flair

February 29, 2020 29562 Views 3 comments Print

What is an FLA Return As per Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017, an Annual Return on Foreign Liabilities and Assets (FLA) is required to be filed by Indian company which has received FDI or made ODI abroad or an LLP which has received investment […]

Guidelines for Appointment of IPs under SEBI Regulations

February 29, 2020 717 Views 0 comment Print

Guidelines for Appointment of Insolvency Professionals as Administrators under the Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018 27th February 2020 The Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018, [Regulations] provide for appointment of […]

Income Tax Search led to discovery of hidden cloud servers

February 29, 2020 1713 Views 0 comment Print

The highlight of the search is the discovery of hidden cloud servers other than the servers regularly used by the group for accounting, containing unaccounted transaction details often referred by the group as kaccha accounts.

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