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Additions for unexplained cash cannot be made solely based on section 132(4) statements

September 15, 2020 3360 Views 0 comment Print

Jewels Emporium Vs ACIT (ITAT Jaipur) From the record, we found that as on the date of search, the books of account of M/s Jewels Emporium were incomplete and the printouts of cash books as taken by the search team did not reflect the true and correct balance available which is made part of the […]

Extension of date of implementation of Toys (Quality Control) Order, 2020

September 15, 2020 1668 Views 0 comment Print

Extension of date of implementation of Toys (Quality Control) Order, 2020 The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Govt. of India today issued notification, extending the date of implementation of Toys (Quality Control) Order, 2020 as 1.1.2021 in place of 1.9.2020. This decision allows domestic manufacturers four […]

Highlights of New Education Policy-2020

September 15, 2020 1179 Views 0 comment Print

Ministry of Education has announced the National Education Policy 2020 (NEP 2020) on 29.07.2020 which has been made available at Ministry of Education’s website at https://www.mhrd.gov.in/sites/upload_files/mhrd/files/NEP_Final_English_0.pdf.The special features of NEP 2020 includes:-

Launch of virtual hearing in quasi-judicial cases under EPF & MP Act, 1952

September 15, 2020 537 Views 0 comment Print

Launch of virtual hearing in quasi-judicial cases under EPF & MP Act, 1952 has now heralded an era of providing expeditious and affordable adjudication.

Steps taken for Revival of MSME Sector due to COVID-19

September 15, 2020 1008 Views 0 comment Print

Recently, Post Covid-19, Government has taken a number of initiatives under Aatma Nirbhar Bharat Abhiyan to support the MSME Sector in the country especially in Covid-19 pandemic.

Dues of MSMEs: Ministry takes deeper efforts to realise payments

September 15, 2020 540 Views 0 comment Print

Dues of MSMEs : Ministry of MSME takes the efforts even deeper to realise these payments. After Government Agencies and Public Sector Units, Union Ministry takes up the matter with Private Coprporates too. MSME Ministry writes to CMDs of top 500 Corporate Enterprises to show solidarity with smaller units and clear MSME dues on priority

Measures taken by Government to reform Direct Tax regime

September 15, 2020 1398 Views 0 comment Print

Over the last few years, in order to provide a non-intrusive and non-adversarial tax ecosystem, the Government has taken various measures to reform the Direct Tax regime. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs in response to a written question in the Lok Sabha today.

Measures to promote growth, investment and create new employment opportunities through amendments in the Income Tax Act 1961

September 15, 2020 609 Views 0 comment Print

In September 2019, the Government announced several measures to promote growth, investment and create new employment opportunities through the amendments in the Income-tax Act, 1961 and the Finance Act (No. 2), 2019. This was stated by Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs in response to a question asked in the Lok Sabha today.

Violation of provisions of Company Law by Companies

September 15, 2020 2268 Views 0 comment Print

The Ministry of Corporate Affairs (MCA) has information of the companies which have violated the provisions of Company Law. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in response to a written question in the Lok Sabha today.

Relaxation/concession provided to Companies/LLPs during Lockdown period to combat COVID-19

September 15, 2020 951 Views 1 comment Print

The Ministry of Corporate Affairs has taken steps to provide several incentives/ relaxation/concession during Lockdown period so as to reduce the burden of companies/LLPs during COVID-19. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in response to a written question in the Lok Sabha today.

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