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Archive: 17 May 2020

Posts in 17 May 2020

Key Highlights of FM Speech 17.05.2020

May 17, 2020 882 Views 0 comment Print

Key Highlights of FM Speech 17.05.2020 on major Law Reforms, EODB, Health, Public Sectors- (Self-Reliant India Movement -V)  Overview of last four Tranches: The first tranche included measures for small businesses, the second aimed at helping migrant workers and the third aimed at Agriculture, Farmers and Workers and the Fourth aimed at Structural Reforms. Key […]

FM announces Govt Reforms & Enablers across Seven Sectors

May 17, 2020 1239 Views 0 comment Print

♦ Rs 40,000 crore  increase in allocation for MGNREGS to provide employment boost. ♦ Increased investments in Public Health and other health reforms to prepare India for future pandemics.♦ Technology Driven Education with Equity post-COVID. ♦ Further enhancement of Ease of Doing Business through IBC related measures.

Bailing out of Discoms with liquidity infusion? Is it as simple as it looks?

May 17, 2020 1170 Views 0 comment Print

On 13th April, the Centre as a part of providing stimulus to the ailing Indian economy had announced series of measures. One of them being infusion of Rs 90,000 crore in ailing Electricity Distribution companies to help them repay their dues to the Generation companies. The step seems in the right indirection indeed, but there […]

Impact of reduction in TDS/TCS Rate

May 17, 2020 20862 Views 8 comments Print

As we all know that the government has recently decreased tax deduction at source (TDS) and tax collection at source (TCS) rates for interest, dividend, professionals, rent payments and other non-salaried payments by 25 per cent with effect from May 14, 2020 for the current financial year. The tax deduction at source (TDS) and tax […]

Internal Audit of Manpower Supply Contract

May 17, 2020 15687 Views 0 comment Print

Manpower is the one of the most important factor to run any industry. Every sector whether it is manufacturing or servicing needs manpower for its smooth functioning. The Organisation hires contractual workers for its different functions like security services, construction work etc. In this article, we will discuss how an auditor should review an entity’s contracts with vendors related to manpower supply.

Interpretation of Statute- A Brief Analysis

May 17, 2020 8604 Views 1 comment Print

General Clauses Act to be referred in case of Doubt in the Statutory Provision In all the Acts and Regulations, made either by the Parliament or Legislature, the words and phrases as defined in the General Clauses Act and the principles of interpretation laid down in General Clauses Act are to be necessarily kept in view.

Provisional Attachment of Any Property/ Bank Account under GST

May 17, 2020 7482 Views 0 comment Print

Legal Provisions SECTION 83. Provisional attachment to protect revenue in certain cases. (1) Where during the pendency of any proceedings under section 62 or section 63 or section 64 or section 67 or section 73 or section 74, the Commissioner is of the opinion that for the purpose of protecting the interest of the Government […]

Effective Implementation of RERA can Restore Trust Between Buyer & Seller

May 17, 2020 570 Views 0 comment Print

Primary Aim is to Address Concerns of Homebuyers to Ensure Completion of Projects: Durga Shanker Mishra More Than 52,000 Real Estate Projects &40,517 Real Estate Agents Registered Under RERA RERA Day Organized

Stroke of China In Corona

May 17, 2020 1089 Views 0 comment Print

As the the whole world is scared of corona and its impact is also clear on the economies of all the countries. as all the countries and their economies are struggling with the COVID19. The stock market of all the countries almost in a worst situation crashing down and a downfall in the companies share […]

Lockdown 4.0 | Lockdown Extended till 31st May 2020

May 17, 2020 1278 Views 0 comment Print

No. 40-3/2020-DM-I(A) Government of India Ministry of Home Affairs North Block, New Delhi-110001 Dated 17th May, 2020 ORDER Whereas, the National Disaster Management Authority (NDMA) in exercise of their powers under section 6(2)(i) of the Disaster Management Act. 2005, vide their Orders dated 24.03.2020, 14.04.2020 and 01.05.2020 had directed the National Executive Committee (NEC) to […]

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