"19 March 2020" Archive

Which Life Insurance Policy Should You Take When You Turn 30

Introduction Which is the best insurance policy in order to take maximum benefits before you turn 30 years Which Life Insurance Policy Should You Take When You Turn 30: When you are in your 30s, it can be a great time to buy life insurance. You’re at an age where, if you’re in good health, […]...

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Posted Under: Finance |

Income tax Authority before whom particulars of parent entity and alternate reporting entity to file CbC Report

Income Tax Department designates Income tax Authority before whom particulars of parent entity and alternate reporting entity to file Country-by-Country Report would be notified...

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Posted Under: Finance |

Amendment in Export Policy of Masks, Ventilators and textile raw material for masks and coveralls

Notification No. 52/2015-2020-DGFT (19/03/2020)

The export of all ventilators, Surgical/Disposable (2/3Ply) Masks only and Textile raw material for masks and coveralls only falling under the ITCHS Codes specified against each has been prohibited, with immediate effect....

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Maharashtra CM requests FM to extend Income Tax / GST Due Dates

As per twitter Handle of CMNO Maharashtra, Hon’ble CM Uddhav Balasaheb Thackeray has spoken to Hon’ble FM Smt Nirmala Sitharaman to consider the postponement for the following: 1. 31/3/2020 last date to file belated return for financial year 18-19. 2. 31/3/2020 last date to file revised return for financial year 18-19. 3. 31/3/2020 la...

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Direct Tax Vivad se Vishwas Scheme – CBDT enables Online Form submission

Pursuant to the enactment of the Direct Tax Vivad se Vishwas Act, 2020 (VSVS) on 17.3.2020, the Direct Tax Vivad se Vishwas Rules, 2020 along with Forms-1 to 5 have been notified on 18.3.2020 vide notification No.18 of 2020. The Forms are required to be filed by the declarant electronically only. No paper form shall […]...

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Posted Under: Finance |

CCI guidance note on Pre-Filing Consultation through video-conferencing

Pre-Filing Consultation through video-conferencing The Competition Commission of India (CCI) allows for pre-filing consultation (PFC) to Parties seeking informal guidance interalia on (i) determining filing related requirement (s) (ii) information to be given in the notice to be filed for a proposed combination (iii) Green Channel. In o...

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SEBI Relaxes certain Listing Regulation due dates- CoVID-19 virus

Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/38 (19/03/2020)

Relaxation from compliance with certain provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 due to the CoVID -19 virus pandemic...

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Securities Contracts (Regulation) (Amendment) Rules, 2020

Notification No. G.S.R. 189(E) (19/03/2020)

(1) These rules may be called as Securities Contracts (Regulation) (Amendment) Rules, 2020. (2) They shall come into force on the date of their publication in the Official Gazette....

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Revocation of cancellation of GST registration – big relief to taxpayers

1. GST Council vide Point 1(b) of press release dated 14 March 2020 has Indicated that where registrations have been cancelled till 14.03.2020, application for revocation of cancellation of registration can be filled up to 30.06.2020 (extension of the period of application as a one-time measure to facilitate those who want to conduct busi...

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Posted Under: Finance |

Audit Check Points to Review Gate Control over Inward Movement of Inventory in a Manufacturing Unit

Inventory is one of the important area for any business where chances of fraud are more as it’s a department where thefts and damages occur. Having strong controls, proper processes, checklist and regular stock audit is essential for this function. In this article we would learn the basic check points which needs to be checked […...

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Posted Under: Finance |