Benefits from Covid 19 – RBI Regulatory Package Moratorium Given : 1. Terms loans– All term loans such as agricultural term loans, retail, and crop loans will be given Moratorium of 3 months for payment of all installments(Principle and Interest) falling in b/w 01.March.2020 to 31.May.2020. So after three months, the repayment schedule of the […]
In a massive relief to the companies, the Ministry of Corporate Affairs (MCA) vide general circular No. 18/2020 eased rules on holding Annual General Meeting (AGM) on 21st April 2020. The relaxation was made owing to request made by several companies seeking leniency in the AGM rules due to the social distancing and lockdown rules followed across the […]
Brief Overview of advisory on Financial Reporting issued by ICAI for the Current FY in the wake of businesses being impacted by coronavirus outbreak. Areas to be considered 1. Inventory Mgt (Ind AS 2) It might be necessary to write down inventories to net realizable value due to reduced movement in inventory, decline in selling […]
List of Relaxation in compliance of the Companies Act 2013 granted by the Ministry of Corporate Affairs during Pandemic of COVID-19 World Health Organization (WHO) Director-General declared the COVID-19 outbreak as a Pandemic on March 11, 2020. Italy, witnessed a huge surge in COVID-19 cases, with a steep rise in the number of deaths as […]
INDIAN REVENUE SERVICE ASSOCIATION ALL INDIA BODY Ref: 007/2020 Date: 23.04.2020 To, The Chairman & the Members CBDT, North Block New Delhi Sir/Madam, The CBDT has sought feedback from our field formations across India on the ideas for revival across various sectors of the economy. While the combined feedback would certainly assist in determining the […]
Please find5th edition of our e-book on ‘Vivad Se Vishwas Scheme’ which contain: – Brief about Vivad Se Vishwas Scheme – Analysis of Vivad Se Vishwas Scheme – Emerging issues – Key cases from IDS – The Direct Tax Vivad Se Vishwas Act, 2020 – The Direct Tax Vivad Se Vishwas Rules, 2020 – Relevant […]
Ministry of Information & Broadcasting No reduction in retirement age of Central Government employees, PIB Fact Check busts fake news Posted On: 26 APR 2020 Fact Check Unit of Press Information Bureau has today clarified in a tweet that Central Government is not mulling a reduction in retirement age of Central Government employees. The tweet […]
There is some report circulating on social media regarding suggestions by a few IRS officers on tackling Covid-19 situation. It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report. No permission was sought by the officers before going public with their personal views & suggestions, which is […]
In view of liquidity strains imposed on Mutual Funds by Covid-19 global pandemic, RBI has announced Rs 50000 crore Special Liquidity Facility for Mutual Funds (SLF- MF).
In a view to combat challenges of COVID-19 Pandemic , SEBI on 27th April,2020 Vide PR No.:24/2020 notified to reduce Broker Turnover Fees and filing fees on offer documents for Public issue, Rights issue and Buyback of shares. The broker turnover fee will be reduced to 50% of the existing fee structure for the period […]
