We live in a ‘global village’. This is true for Indians today, more than ever before. The tribe of Indians with financial linkages to the world is growing exponentially. We travel overseas frequently, for work and vacations too. Indian students are found all over the globe. Many of us have close relatives working and residing […]
Case No. ADD-SSR-07/2020 Sunset Review of anti-dumping investigation concerning imports of Phthalic Anhydride originating in or exported from Japan and Russia.
Expenditure to the extent of 25% of purchases held as non-genuine and disallowed by the AO related to the same business activity of manufacture and export in respect of which assessee was held eligible for deduction under section 10AA. Therefore, deduction under section 10AA was to be allowed on the enhanced profits in light of accepted legal position by CBDT Circular No. 37/2016, dated 2-11-2016.
Request for extension of Company Fresh Start Scheme – 2020 for the Petitioners / Applicants before Hon’ble National Company Law Tribunal for restoration of Companies under section 252 of the Companies Act, 2013. Relevant Text of the representation is as follows:- Dated: 25th November 2020 Shri Anurag Singh Thakur Hon’ble Minister of State for Finance […]
10th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall. A total amount of Rs.60,000 crore released so far to all States and UTs with legislation. This is in addition to additional borrowing permission of Rs.1,06,830 crore granted to the States
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹2.50 crore (Rupees Two crore Fifty lakh only) on Bajaj Finance Limited, Pune (the company), by an order dated January 05, 2021, for violation of (i) directions issued by RBI on Managing Risks and Code of Conduct in Outsourcing of Financial Services by NBFCs and Fair Practices Code (FPC) for applicable NBFCs, contained in the Non-Banking Financial Company – Systemically Important Non-Deposit taking Company
GST tech (@Infosys_GSTN) has informed on its twitter handle that The due date for quarterly filing of GSTR-1 for Oct-Dec 2020 quarter period is 13.01.2021. The date currently being shown in the GSTR-1 tile is 31.01.2021 which is erroneous and the correct date i.e. 13.01.2021 will be displayed on the portal soon. Please bear with […]
IRDAI directs Insurers to classify Infrastructure investments, issued by Infrastructure Companies, rated not less than A along with an Expected Loss Rating of EL1 as part of Approved Investment and should be listed under Category Code IELB as per Category of Investment under Master Circular – Investments.
Request to Honorable President of India for Suo-Moto cognizance for Key Points which immediately relief to he given to small business man of the country regarding GST in this pandemic.
Applicability of Cash Flow Statement: – According to Section 2(40) of Companies Act, 2013, The Financial statements of a company include Cash Flow Statement. Cash Flow Statement is governed by The Companies (Accounting Standards) Rules, 2006 (AS 3) and The Companies (Indian Accounting Standards) Rules, 2015 (Ind AS 7), as applicable. The following companies are […]
