Date: 23-03-2020 Special powers of the Supreme Court under art. 142 of the Constitution: Period of limitations (Due Dates) have been extended indefinitely w.e.f. 15-03-20 1) Article 142 in our Constitution empowers the Supreme Court to pass such “decree or order as may be necessary for doing complete justice between the parties”. Thus Article 142 […]
Stamp Duty from Allottees on alleged ‘Conveyance/ Transfer’ of Superstructure of an Apartment/unit built by a Builder patently illegal Much before the introduction of GST, a controversy arose as to whether the Builder/ Developer builds a building, intended for sale, on his own behalf or on behalf of the prospective purchasers. In short, the controversy […]
Institute of Company Secretaries of India ICSI has issued Auditing Standard for audit by ‘Practicing Company Secretary” . These standards issued by ICSI. These standards were effective from 1st July, 2019. However, from 1st July,2019 it was recommendatory. These standards are mandatory w.e.f. 1st April, 2020. Important Note: ** These standards are applicable on “Practicing […]
Circulars after circulars, amendments, insertion of new Rules and overriding of Rule over Act for the sequence of ITC Utilization created a lot of confusion in the mind of suppliers and professionals. In this article, an attempt has been made to simplified the understanding of the Input Tax Credit ( ITC) utilization sequence. The sequence […]
GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI HEALTH & FAMILY WELFARE DEPARTMENT 9TH LEVEL, A-WING, DELHI SECRETARIAT, I.P. ESTATE, NEW DELHI — 110002 No. F.51/DGHS/PH-IV/COVID-19/2020/prsecyhfw/3331-45 Dated 24.03.2020 ORDER Whereas the Government of NCT of Delhi has issued the Delhi Epidemic Diseases, COVID19 Regulations, 2020 under the Epidemic Diseases Act, 1897 for prevention and containment of […]
Whereas a lot of complaints have been received from doctors/paramedical staff/healthcare personnel all over NCT of Delhi, that their landlords/house-owners are forcing them to vacate their rented residences. And Whereas such behaviour amounts to obstructing public servant in discharging their duties.
Facing problem in revising the TDS return; here is the procedure how to file TDS revised return Overview -Request for conso file from Traces Portal. -Download the conso file & open in utility -Update the correction in utility. -Upload on E-filing portal or at TIN-FC (TIN FACILITATION CENTER). STEP-1 Request for conso file from Traces […]
Students may also note that ICAI website is the only source for the authenticity of the information and should not rely upon details circulating over social media.
It is observed that there is substantial reduction in Demand of goods due to closure of Malls, Shops & Hat Bazar & weekly markets in the Urban, semi Urban & rural areas. This has disturbed the micro economic cycle giving impact on the trade & in turn on the The normal credit cycles of receivables and payments is affected as the markets are not functioning, resulting into the acute shortage of working capital by the MSMEs.
In view of the prevailing circumstances, the Institute had also represented to Ministry of Finance, Reserve Bank of India (RBI) and other regulators to consider extending the deadlines for various statutory/regulatory compliances to avoid hardships being faced by membership due to this global pandemic. Further development in this regard will be apprised to membership.
