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MVAT: Guidelines for filing Appeal against assessment orders Passed manually

May 15, 2020 21894 Views 1 comment Print

All the officers were instructed to pass assessment orders on SAP system and where it is not possible to pass order on SAP system, in such cases assessment orders can be passed manually outside the SAP system.

Anti-Dumping Investigation Concerning Imports of Digital Offset Printing Plates

May 15, 2020 1233 Views 0 comment Print

FINAL FINDING – (OI CASE No: 06/2019) – Anti-dumping investigation concerning imports of Digital Offset Printing Plates originating in or exported from China PR, Japan, Korea RP, Taiwan and Vietnam.

COVID 19- The impact on Valuation

May 14, 2020 4203 Views 0 comment Print

With the recent outbreak of COVID-19, stock markets around the world have plummeted with the SENSEX falling by over 40% since the beginning of March. In valuation parlance, volatility is translated as risk and is a key parameter in pricing an asset. However, quantifying such a risk is challenging at this time as the situation is still developing, and there are no clear indications as to when the pandemic will subside.

Registrar of Newspapers of India is brought onboard e-SANCHIT

May 14, 2020 966 Views 0 comment Print

. Now, 1 more PGA namely Registrar of Newspapers of India (RNI) with its LPCOs as detailed below is being brought onboard e-SANCHIT-

RBI extends IES for Pre and Post shipment Rupee Export Credit

May 14, 2020 1098 Views 0 comment Print

It is hereby informed that Interest Equalisation Scheme for Pre and Post shipment Rupee Export Credit is further extended for one more year i.e. upto 31.03.2021 with same scope and coverage.

SEBI relaxes compliance of Minimum Public Shareholding requirements

May 14, 2020 2574 Views 0 comment Print

SEBI circular No. CFD/CMD/CIR/P/2017/115 dated October 10, 2017 lays down the procedure to be followed by the recognized stock exchanges / depositories with respect to MPS non-compliant listed entities, their promoters and directors, including levy of fines, freeze of promoter holding etc.

Framework for ‘Work From Home’

May 13, 2020 1605 Views 0 comment Print

The COVID 19 Pandemic has necessitated many Ministries/ Departments to operate from Home to maintain social distancing. Many of the Ministries/ Departments in Government of India have successfully managed and rendered exemplary results in combat against the ongoing pandemic outbreak during the lock down period by leveraging e -office and video conferencing facilities of NIC.

Section 24(b) Interest deduction eligible on Property received as per family settlement deed

May 13, 2020 4059 Views 0 comment Print

Sanjeev Jain Vs DCIT (ITAT Dehradun) There is no dispute that there was a house property, which was noted by the borrowed capital of the family of the assessee. It is also not disputed that assessee was one of the applicant of the loan. Only dispute is with respect to the family settlement dated eighth day […]

Physical Inventory Verification- Key Audit Considerations amid COVID-19

May 13, 2020 12576 Views 1 comment Print

Physical Inventory Verification Key Audit Considerations amid COVID-19 Auditing and Assurance Standards Board (AASB) The Institute of Chartered Accountants of India A. BACKGROUND Physical verification of inventory is the responsibility of management of the entity. Management is required to establish procedures under which inventory is physically counted at least once a year to ensure existence, […]

Real Test (Fedral Or Unitary) During Covid Crisis

May 12, 2020 870 Views 0 comment Print

While on one hand recently recovered from Covid – 19 virus, Mr Boris Jhonson, Prime Minister England finally published their 50-page ‘road map’ plotting a route through three stages to get the country up and running followed by guidance for health and safety in workplaces. All workers are being urged to return to duties in sectors such as food production, construction, manufacturing, logistics, distribution and scientific research in laboratories.

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