Developments arising due to the spread of the COVID-19 virus have warranted the need for temporary relaxations in compliance requirements and other facilitation measures. The measures undertaken by both, the Ministry of Corporate Affairs and the Securities and Exchange Board of India are placed hereinbelow:
MCA has deployed a simple web form for companies/LLPs to confirm their readiness to deal with the COVID-19 threat. The web form named CAR (Company Affirmation of Readiness towards COVID-19) is required to be filed by authorized signatory of company/LLP.
Some Big announcements made by Finance Minister for Compliance and taxation relief. Most awaited relief given. Have a look at it. COVID19 Relief Compliance and Regulation Related Announcements: Income Tax: Last date for Returns for FY 2018-19 extended to 30th June 2020 Delayed Payments made till 30th June – Interest Rate reduced from 12% to […]
National Company Law Tribunal 6th Floor, Block-3, CGO Complex, Lodhi Road New Delhi-110003 Dated: 24.3.2020 NOTICE 1.With regard to Limitation,it is clear that the order dated 23.3.2020 passed by Hon’ble Supreme Court in suo motu WP-03/2020 is binding on everyone in India,for further clarification,it is hereby clarified that the litigant public with regard to the […]
HIGH COURT OF GUJARAT PRESS NOTE Date: 24/03/2020 Subject: Successful implementation of video conferencing based hearing and efiling of matters by High Court of Gujarat To address the present Corona Virus pandemic challenged situation and to substantially curb the footfall in the High Court premises, under the guidance of Honourable the Chief Justice of High […]
Since there was a statutory requirement that AO had to provide reasonable opportunity of hearing to the assessee before directing the assessee to get the accounts audited under section 142(2A), therefore, in the absence of pre-decisional hearing, the decision to have special audit was, therefore, invalid and consequentially all the proceedings conducted thereafter stood vitiated.
Tariff Notification No. 31/2020-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver Government of India Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) Notification No. 31/2020-Customs (N.T.) New Delhi, 25th March, 2020 5 Chaitra, 1942 (SAKA) S.O. 1218(E). […]
On 25.02.2020, Election Commission of India announced elections to the Council of States to fill 55 seats of Members from 17 States, retiring in the month of April,2020, which were notified vide Notification No. 318/CS-Multi/2020(1) dated 06.03.2020.
1) The last date Up to which the Return for the Assessment Year 2019-20 can be filled is Up To 30th of June, 2020 Now, instead of 31/03/2020. 2) The Cumulative effect of reading of section 139(4) and 139(5) is that Return which is filled us 139(1) and 139(4) can be filed Up To the end of the assesment year . However for assessment year 19-20 it is now 30/06/2020.
The export of Hydroxychloroquine and formulations made from Hydroxychloroquine falling under any ITCHS Code, including the ITCHS Codes mentioned above, is prohibited, with immediate effect.
