Income Tax : Explore key court rulings on reassessment under Section 148 post-2021 amendments, covering procedural changes, taxpayer rights, an...
Finance : Explore the complexities of India's central-state taxation conflicts, fiscal policies, and solutions to improve tax allocation and...
Income Tax : The Supreme Court upholds TOLA, validating extended income tax reassessment timelines despite previous High Court rulings on Secti...
Corporate Law : Explore the complexities of moonlighting under Indian labor laws, its implications, and the perspectives of various sectors on dua...
SEBI : Explore how aligning ESG compliance with SDGs can bridge gaps in corporate sustainability, ensuring a holistic approach to environ...
Income Tax : Explore Income Tax Day 2024s history, significance, and key updates from Budget 2024-25, including enhanced deductions and revised...
CA, CS, CMA : Explore the challenges faced by Charitable Trusts due to delays or errors in submitting applications under Section 12A(1)(ac) of t...
Finance : Interim Budget Session 2024 sees high productivity with 12 Bills passed, Lok Sabha and Rajya Sabha exceeding performance targets....
Corporate Law : Stay vigilant against COVID-19 surge! Centre issues advisory to states, emphasizing vigilance, district-wise monitoring, and incre...
CA, CS, CMA : Join free BoS Live Learning Classes by ICAI for CA Final & Intermediate courses appearing in May 2024 exams. Get expert guidance a...
Income Tax : ITAT Pune cancels penalty imposed on Balbir Kaur Birdie for non-compliance with tax notices, citing reasonable cause due to COVID-...
Income Tax : ITAT Rajkot allows a 107-day delay in filing an appeal due to the assessee’s health issues and Covid-19, remanding the case to t...
Income Tax : ITAT Lucknow directs CIT(A) to reconsider limitation issue in Bharat Shetty’s case, factoring in COVID-19 period for a fresh dec...
Income Tax : ITAT Ahmedabad held that provisions of Sick Industrial Companies Act [SICA] would override the provisions of Income Tax Act. Thus,...
Goods and Services Tax : Patna High Court rules on extension of limitation for GST assessment orders in Barhonia Engicon Pvt Ltd case, addressing pandemic-...
Income Tax : For claiming exemption Section 54 to 54 GB of the Act, for which last date falls between 01st April. 2021 to 28th February, 2022 m...
Company Law : After the Covid-19 pandemic no Company Secretary from far of places shown interest to come and join in a hospital business as the ...
Income Tax : CBDT specifies conditions for exemption to money received from employer or other person in Covid cases by family of deceased ide N...
Income Tax : Clause (XII) of the first proviso of clause (x) of sub-section (2) of section 56 of the Income-tax Act, 1961 provides that any sum...
Income Tax : CBDT specifies Document to be submitted by employee to claim exemption on sum received for COVID-19 treatment vide Notification No...
The Western Countries of the world specially, America and Europe, have been leading the world for a long time. However, with this Corona Virus situation the Eastern Countries have shown a great potential. What is going Wrong with West? The USA has been in forefront since World War II till recent times. The US has […]
While preparing the financial statements, considering the nature of business of the entity, the management needs to make a detailed assessment (to the extent possible based on the information available) of the impact of COVID- 19 on the items, components of the financial statements including disclosures in the financial statements (e.g. appropriateness of carrying values of goodwill and other intangible future operating results, cash flows and financial position of the entity.
Amid Coronavirus pandemic a big challenge is to start offices companies shops God has just given us new life and this life is full of opportunities and challenges. Everyone needs to positive and calm in these situation and search the good opportunities in this pandemic. This is a chance to change our lifestyle too and […]
♦ Rs 40,000 crore increase in allocation for MGNREGS to provide employment boost. ♦ Increased investments in Public Health and other health reforms to prepare India for future pandemics.♦ Technology Driven Education with Equity post-COVID. ♦ Further enhancement of Ease of Doing Business through IBC related measures.
As the the whole world is scared of corona and its impact is also clear on the economies of all the countries. as all the countries and their economies are struggling with the COVID19. The stock market of all the countries almost in a worst situation crashing down and a downfall in the companies share […]
No. 40-3/2020-DM-I(A) Government of India Ministry of Home Affairs North Block, New Delhi-110001 Dated 17th May, 2020 ORDER Whereas, the National Disaster Management Authority (NDMA) in exercise of their powers under section 6(2)(i) of the Disaster Management Act. 2005, vide their Orders dated 24.03.2020, 14.04.2020 and 01.05.2020 had directed the National Executive Committee (NEC) to […]
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, condition, and support valuation of inventory.
a. There will be fast tracking of investment clearance through Empowered Group of Secretaries. b. Project Development Cell will be constituted in each Ministry to prepare investible projects, coordinate with investors and Central/State Governments. c. There will be ranking of States on investment attractiveness to compete for new investment. d. Incentive schemes for promotion of new champion sectors will be launched in sectors such as solar PV manufacturing; advanced cell battery storage etc.
Presentation of details of 4th Tranche announced by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman under Aatmanirbhar Bharat Abhiyaan to support Indian economy in fight against COVID-19 Policy Reforms to fast-track Investment Effort towards Atmanirbhar Bharat Fast track Investment Clearance through Empowered Group of Secretaries (EGoS). Project Development Cell in each Ministry to […]
INCOME TAX REFUND: The pending income tax refunds to charitable trusts and non-corporate businesses and professions including proprietorship, partnership and LLPs and cooperatives shall be issued immediately. Note: NOT CORPORATE ENTITIES e.g. PRIVATE LIMITED COMPANY ETC Limit of Amount- All Pending Income Tax Refund upto Rs. 5,00,000/- (Rupees Five Lakh Only). DUE DATE: Sl. No […]
