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Archive: 25 June 2020

Posts in 25 June 2020

Are we losing emotional value & significance of money being in a cashless society?

June 25, 2020 4995 Views 0 comment Print

Contents -Cashless-A not so new trend. -The emotional value of money -Cognitive and impulsive buying behavior -Cash helps ration spending -Millennials – tech-savvy generations -Cashless after COVID? Cashless-A not so new trend. Internet, digital wallets, e-payments, etc. all these terms don’t sound new. They have engulfed every inch of our life and currency is no […]

HC stays Interest, Penalty & Investigation imposed by NAA in Phillips India case

June 25, 2020 1065 Views 0 comment Print

Writ petition is filed for challenging order passed by National Anti-Profiteering Authority under CGST Act. HC approved Stay Application for Interest, Penalty & Investigation levied by Anti-Profiteering Authority

Increase in Economic Activity-Improvement in Economic Indicators

June 25, 2020 1047 Views 0 comment Print

Ministry of Finance Increase in Economic Activity-Improvement in Economic Indicators Prompt Policy measures by Government and RBI in a calibrated manner to reinvigorate the economy at the earliest with minimal damage Commitment of Government towards both structural reforms and supportive social welfare measures will help build on ‘Green Shoots’ Resolve for ‘Atmanirbhar Bharat’ will be […]

Summary of GST Notifications Published on 24th June 2020

June 25, 2020 3732 Views 0 comment Print

CA Viral K. Chheda CBIC issued 10 Notification/Instructions on 24.06.2020 to give effect to amendments made by Finance Act, 2020, to substitute table annexed to Rule 7 related to GST Composition Dealers specifying GST Composition Scheme Tax Rates, to Notify Amendments related to interest to be payable as per section 50 of the CGST Act […]

Check new deadlines to file ITR for FY20, FY19 & Other due dates

June 25, 2020 2445 Views 0 comment Print

Vide Income Tax Notification No.35/2020 dated 24.06.2020 government extends various due date upto 31st July, 2020. The salient features of which are as under: 1) The time of filing of original as well as revised income tax returns of the FY 18-19 (AY 2019-20) has been extended to 31st July, 2020. 2) The returns of […]

Trademark Registration- Examples, Registration, Documents required & Validity

June 25, 2020 5517 Views 2 comments Print

Trademark means a mark capable of being represented graphically and which is capable of distinguishing the goods or services of one person from those of others and may include shape of goods, their packaging and combination of colours. It can be a word, mark, logo, brand, symbol, packaging labels and wrapper, etc. used by manufacturers […]

Statement of Financial Transaction (Due date 30th June, 2020)

June 25, 2020 4017 Views 2 comments Print

Understand the requirements and penalties associated with Statement of Financial Transaction. Learn about furnishing, rectifying defects, and avoiding non-compliance.

Shifting of registered office of LLP

June 25, 2020 146958 Views 1 comment Print

The Limited Liability Partnership (LLP) may change its registered office from one place to another of following the procedure provided in its LLP agreement. Where the LLP agreement does not provide for such procedure, then, consent of all partners shall be required for shifting of the place of registered office of LLP to another place.

Clarification on CSR contribution to PM CARES Fund

June 25, 2020 2121 Views 0 comment Print

In view of the amendment in Schedule VII of the Companies Act, 2013 vide gazette notification no. G.S.R. 313(E) dated 26th May, 2020, deemed to have come into force on 28th March 2020, the Office Memorandum No. CSR-05/1/2020-CSR_MCA dated 28.03.2020 is redundant and hence stands superseded.

Extension of Due Date of Income Tax Return – Is It A Myth

June 25, 2020 2187 Views 3 comments Print

Covid 19 and subsequent lockdown for the last 3 months has created immense hardship to one and all. Particularly in Tamilnadu there is strict lockdown till 30th June 2020 and uncertainty exists as to whether normalcy would return in the near future considering the rising cases day by day.

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