Timely and effective communication between the management and the auditor is essential in ensuring that both are able to fulfil their respective responsibilities in relation to going concern aspect during these uncertain times.
The central government has revised its borrowing program by INR 4.2 lakh crores to INR 12 lakh crores for the full financial year. At approximately 2% of GDP, this is at the lower end of the expected requirements for additional financing by the government and by no means sufficient to bridge both the revenue gap as well as the discretionary stimulus ahead.
Word assessable has been inserted in section 50C w.e.f. 01/10/2009. Thus, prior to 01/10/2009, the section 50C was applicable over the sale of properties, which were sold by of the registered deed where the stamp value was assessed by the registration authorities and the section 50C was not applicable,
ACCA (the Association of Chartered Certified Accountants) is introducing new flexibility for ACCA students around the world to enable them to take their exams at home or in another location in circumstances where centre-based exam sittings are disrupted. This development will ensure the robust and secure way of using the latest technology to enable remote […]
Shiv Agro Vs State of Gujarat (Gujarat High Court) For final decision regarding confiscation of goods and conveyance under GST, the applicant has to file statutory appeal under Section 107 of the G.S.T. Act before the appellate authority. Filing writ petition before court will not able to solve the issue since they will not interfere […]
MHA to States: Cooperate with Railways in running more ‘Shramik Special’ Trains without any hindrance to facilitate faster movement of stranded Migrant Workers to their native places Cabinet Secretary chaired a meeting, through Video Conference on 10th May 2020, to review assistance provided by all States/ UTs Governments to the movement of migrant workers in buses […]
Ensure smooth movement of medical professionals and para-medical staff, and opening of all private clinics, nursing homes and labs; Essential to tackle both COVID and non-COVID Emergencies: MHA to States Cabinet Secretary chaired a meeting, through Video Conference on 10th May 2020, wherein the issue of restrictions being imposed by some States/ UTs on the movement […]
Hello all! Hope you all are doing well and safe at home. To sharpen the skills of members ICAI come up with online courses and publication. The publication was already available at ICAI site but on different places. So to give solution to problem of searching material at different places. A portal has been designed […]
Sh. Rahul Sharma Vs J.K. Helene Curtis Ltd. (NAA) The brief facts of the case are that the Standing Committee on Anti-profiteering vide its communication dated 11.03.2019 had requested the DGAP to conduct a detailed investigation as per Rule 129 (1) of the above Rules on the allegation that M/s Raymond Ltd. had not passed […]
MHA issues Standard Operating Protocol (SOP) to facilitate Movement of Persons by Train Union Ministry of Home Affairs (MHA) has issued Standard Operating Protocol (SOP) to facilitate movement of persons by train. Movement of passengers to & fro and entry at the railway station would be permitted only on confirmed e-ticket. There would be compulsory […]
