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Archive: 28 April 2020

Posts in 28 April 2020

BSE relaxations granted in relation to compliance with SEBI provisions on account of COVID-19 pandemic

April 28, 2020 2511 Views 0 comment Print

BSE issued relaxations granted in relation to compliance with various provisions on account of COVID-19 pandemic Considering the hardships faced by the listed entities due to the lockdown pursuant to the COVID-19 Pandemic, SEBI has issued various circulars notifying relaxations in the timelines by which the compliance filing required under certain provisions of the aforementioned […]

Things Professional can do at Home……….

April 28, 2020 2076 Views 0 comment Print

Now, here are some suggestions for OFFICE WORK to do at home before actually you start office in next week.  Mainly it will help to those who are into GST and Income Tax practise. On GST side- 1. You can select Monthly / Quarterly category for each client FOR 20-21. This can save your lot […]

Unlocking the Lockdown

April 28, 2020 642 Views 0 comment Print

Many situations come and go in life and leave memories and sometimes scars which keep getting disturbed when the invisible fingers of thought passes over them. Life has to be lived in the most contended manner come what may that’s what we are told to do however tough the going is but sometimes situations go […]

Investing in the Precious Yellow Metal

April 28, 2020 1332 Views 0 comment Print

THE WHY Gold has been a perfect hedge against major events affecting capital markets, currencies, economies globally. In the financial crisis of 1970, 2000, 2008 and now the 2020 Covid-19 crisis, gold has demonstrated solidity. It has preserved the value during the crisis and this quality validates the stability of gold and its attractiveness over […]

Employees Provident Fund withdrawal during COVID -19

April 28, 2020 2907 Views 1 comment Print

We will take you through the withdrawal process for Provident Fund which is an online process and all such claims are processed on a priority basis by the EPFO. So far 3.31 lac PF withdrawal claims have been processed by the EPFO in 15 days.

Income From Land Sale by Assessee Engaged in Property Development Taxable as Business Income

April 28, 2020 3381 Views 0 comment Print

The issue under consideration is whether land sold by assessee engaged in property development taxable as capital gains or business income?

Government quarantined Insolvency and Bankruptcy Code amid Covid 19!

April 28, 2020 1014 Views 0 comment Print

In the Press Release held on 24th of March, 2020 the Finance Minister, Nirmala Sitharaman announced many relaxations in the wake of surging outbreak of Covid-19 and considering the extended situation of lockdown in the Country.

What RBI’s Rs 50,000 crores boost means for mutual funds?

April 28, 2020 639 Views 0 comment Print

Mutual funds were facing a lot of redemption requests after Franklin Templeton Mutual Fund suddenly shut six of its debt mutual fund schemes on Friday. They are unable to sell some of their investments in the debt market due to poor liquidity. In other words, there are no buyers for lower rated instruments. If mutual funds have to sell them, they will be forced to sell it at a steeply lower price. It will result in sharp fall in the net asset values or NAVs of schemes.

Re-introduction of inheritance tax !! Appropriate tool in testing time?

April 28, 2020 2298 Views 4 comments Print

Objective The Author in this article, discusses inheritance tax being the tool to tide over the covid-19 phenomenon Background a) In view of the outbreak of Covid-19, various state Governments are struggling to even pay salaries of their staff. Central Government is no exception for the same. It is a consequence of multiple things which […]

All about dormant company (section 455)

April 28, 2020 6507 Views 1 comment Print

Dormant companies The companies Act, 2013 has recognized a new set of companies called as dormant companies. As per Section 455(1) Where a company is formed and registered under this act for a future project or to hold an asset or intellectual property and has no significant accounting transaction, such a company or an inactive […]

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