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No Shortage of Medicines to combat Covid-19 outbreak

March 31, 2020 378 Views 0 comment Print

No Shortage of Medicines to combat Covid-19 outbreak; Department of Pharmaceuticals is regularly monitoring distribution and addressing issues of availability, supply & local issues with the help of other Departments and States/UTs

Medical Devices notified as Drugs w.e.f. 1st April 2020

March 31, 2020 1302 Views 0 comment Print

Medical Devices notified as Drugs w.e.f. 1st April 2020 vide Notification dated 11th February 2020 issued by Ministry of Health & Family Welfare to be governed under the provisions of Drugs (Prices Control) Order, 2013 Government is regulating 24 class of medical devices which have been notified/regulated as drugs under Drugs & Cosmetics Act, 1940 […]

ICAI extends validity of Peer Review Certificate

March 31, 2020 2436 Views 0 comment Print

Extension of validity of Peer Review Certificate in the wake of COVID -19 spurt across the country In the wake of COVID -19 spurt and nation-wide lock down, the effective date of validity of Peer Review Certificate has been extended as hereunder: A. In case of Practice Units already holding a valid Peer Review Certificate […]

MCA modifies LLP Settlement Scheme 2020

March 30, 2020 27852 Views 1 comment Print

in order to support and enable Limited Liability Partnerships (LLPs) registered in India to focus on taking necessary measures to address the COVID-I9 threat and to reduce their compliance burden, certain modifications to the LLP Settlement Scheme, 2020 have been decided to be implemented with effect from 01.04.2020 vide General Circular No. 13/2020 dated 30/03/2020. […]

Companies Fresh Start Scheme, 2020

March 30, 2020 52419 Views 1 comment Print

Central Government introduce a Scheme namely Companies Fresh Start Scheme, 2020 (CFSS-2020) condoning the delay in filing the specified documents with the Registrar, insofar as it relates to charging of additional fees, and granting of immunity from launching of prosecution or proceedings for imposing penalty on account of delay associated with certain filings vide General […]

MCA introduces Companies Fresh Start Scheme 2020 & Revises LLP Settlement Scheme 2020

March 30, 2020 1566 Views 0 comment Print

Ministry of Corporate Affairs introduces the ‘Companies Fresh Start Scheme, 2020’ and revised the ‘LLP Settlement Scheme, 2020’ to provide relief to law abiding companies and Limited Liability Partnerships (LLPs) in the wake of COVID 19

Know Income Tax Refund Status

March 30, 2020 240582 Views 299 comments Print

Learn how to track your income tax refund status online. Find out when and how your refund will be credited. Get answers to refund-related questions

Turnover Computation & Tax audit applicability for F&O Transactions

March 30, 2020 128477 Views 6 comments Print

Ideally when you deal in Futures and Options, the transaction size is big but profits are too small. Therefore confusion prevails that whether these transactions can be termed speculative transaction or they are business losses or profits.

Procedure to Reset Password of efiling of Income Tax Return

March 30, 2020 45795 Views 54 comments Print

If you have forgotten your password for the Login ID that you had created for efiling of Income tax return and to view Tds Credited ( 26AS) in your account. There is a control that you can create only single account with one PAN No. So if you want to activate your account, the only option is to reset the password

TDS on Salary Payments to Non Residents & Expatriates

March 30, 2020 156329 Views 12 comments Print

1. As per Section 192 of the IT Act, any person responsible for paying any amount under the head salaries is required to deduct tax at source at the time of payment. This section unlike some other provisions, does not distinguish between payment of salary, to a resident, non resident or expatriate. Thus all payments which are taxable under the head salaries, are also covered by the provisions of TDS, irrespective of the residential status of the recipient.

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