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Ca Cs Pavan Sharma

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New MSME Udyam Registration (Applicable from 01.07.2020)

July 6, 2020 57369 Views 45 comments Print

Introduction: > The Central Government, after obtaining the recommendations of the Advisory Committee in this behalf, notified following: > Certain criteria for classifying the enterprises as micro, small and medium enterprises > Specifies the form and procedure for filing the memorandum (Udyam Registration), w.e.f 1st day of July, 2020  Classification of Enterprise: How to become MSME? […]

ICAI provides students Option to appear in July or November exam

June 15, 2020 12654 Views 4 comments Print

The students (who have already submitted online examination application for May 2020  Examination cycle) shall be allowed to OPT-OUT and carry forward their candidature to next examination i.e. November, 2020 examination cycle.

Booster to MSME w.e.f 01.06.2020

June 2, 2020 2091 Views 0 comment Print

What is the NEW booster to MSME? a) Why MSME is most important for Indian Economy? a) Around 63.4 million MSME units in India b) Contributes around 6.11% of manufacturing GDP c) Contributes around 24.63% of services GDP d) Contributes around Country’s GDP-making of 29% e) Contributes around 33.4% of India’s manufacturing output. f) Provides […]

Section 194N-TDS on Cash Withdrawal after Press release dated 13.05.2020

May 19, 2020 10320 Views 1 comment Print

Important Points: 1. The budget 2020 has reduced the threshold limit for TDS to Rs 20 lakh for taxpayers who have not filed their income tax returns for past three years. Such taxpayers withdrawing cash in excess of Rs 20 lakh have to pay 2% as TDS. 2. Earlier, the Union Budget 2019 has introduced […]

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