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Archive: 17 July 2020

Posts in 17 July 2020

CAGR Calculator

July 17, 2020 1539 Views 0 comment Print

THE COMPOUNDED ANNUAL GROWTH RATE (CAGR) CALCULATOR IS MEANT FOR FINANCIAL ANALYSIS. CAGR indicates what an investment will yield if compound on a yearly basis.

ITAT quashes reopening as AO provided only a Part of reason recorded to Assessee

July 17, 2020 1029 Views 0 comment Print

ITAT quashed reopening where reasons recorded by the assessing officer produced before the higher authority are quite different and whereas the extract given to the assessee was merely of two paragraphs

Overturned ban on cryptocurrency being reconsidered in India

July 17, 2020 684 Views 0 comment Print

Cryptocurrency, such as Bitcoin, is a digital form of currency. One major advantage of using this is that it is almost impossible to forge. This is due to cryptography being used as part of transactions, ensuring everything is more secure. Cryptocurrency is popular across the world. However, there are concerns regarding its use in India. […]

TDS- Section 194N – Scope & Recent Amendments

July 17, 2020 9981 Views 5 comments Print

Scope of Section 194N of the Income tax Act 1961, and recent amendments to it brought by Finance Act, 2020 and Press release In the maiden Budget Speech, while presenting the Union Budget 2019, the Finance Minister Nirmala Sitaraman said that in a bid to promote digital payments and to discourage cash payments she proposed […]

Section 185 – Loan to Directors- An Overview

July 17, 2020 6108 Views 0 comment Print

♦ Purpose of the provisions of Section 185:  To address the difficulties being faced in genuine transactions due to the complete embargo on providing loans to subsidiaries with common directors, the companies are permitted to give loans to entities in which directors are interested after passing special resolution and adhering to disclosure requirements. This would […]

The Code on Wages, 2019 – Overview

July 17, 2020 7227 Views 1 comment Print

Current Status: The bill received the accent of the President on and was published as “Code of Wages,2019” in the Official Gazette on 8th August 2019. It shall come into force on such date as the Central Government may, by notification in the Official Gazette appoint and different dates may be appointed for different provisions […]

Why Aircel filed for Bankruptcy despite 7.5 Crores Subscribers

July 17, 2020 12372 Views 0 comment Print

Why Aircel has filed for Bankruptcy despite being a Sixth Largest Telecom Company with around 7.5 Crores Subscribers in the month in which application is filed. Introduction: Aircel Limited, which was incorporated in the year 1999 by Sivasankaran, since its Incorporation, it was growing at a good rate. In the initial stages, it started its […]

Why Companies exiting China are choosing Vietnam over India

July 17, 2020 16206 Views 2 comments Print

Companies moving from China to India may not have a major beneficial impact on the country’s economy. In this article, we will be focusing on why companies exiting china are preferring Vietnam over India.

How IPL Teams earns income & maintain profits despite huge costs

July 17, 2020 4995 Views 0 comment Print

A major Source of income for IPL teams is Media rights for broadcasting IPL. When IPL was started in 2008, Sony has acquired broadcasting rights for ten years for a price of Rs 8200 Crores (i.e., 820 Crores per annum) but same rights for the five year period 2018-22 were acquired for a whooping price of Rs 16,347 Crores (i.e., 3,269 Crores per annum which is 4 times the earlier price) by Star India

Form PAS-6 | Reconciliation of Share Capital Audit Report (Half Yearly)

July 17, 2020 3588 Views 0 comment Print

MCA has made available Form PAS-6 for filing as e-Form w.e.f 15th July 2020. It is a form for Reconciliation of Share Capital Audit Report (Half Yearly). Laws governing the e-form: Rule 9A of Companies (Prospectus and Allotment of Securities) Rules, 2014 This rule deals with Issue of securities in dematerialised form by unlisted public […]

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