SEBI : Explore how aligning ESG compliance with SDGs can bridge gaps in corporate sustainability, ensuring a holistic approach to environ...
Corporate Law : Explore the evolution of corporate insolvency laws pre and post the pandemic. Learn about the challenges faced, judicial interpret...
CA, CS, CMA : Explore the significance of SA 570 in financial audits, focusing on the going concern basis, auditor responsibilities, risk assess...
Corporate Law : Delhi High Court issues landmark directions for e-filing and digitization in district courts, streamlining procedures and ensuring...
Corporate Law : Explore the evolving landscape of POSH policies post-COVID. Discover key amendments and crucial clauses for a comprehensive Sexual...
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...
Corporate Law : Vivad se Vishwas scheme for relief to MSMEs for COVID-19 period was commenced from 17.04.2023 & last date for submission of claims...
Goods and Services Tax : Calcutta HC grants relief to petitioner Amit Kumar Singh due to the absence of a GST Appellate Tribunal, directing partial tax dep...
Corporate Law : Kerala High Court intervenes in coercive recovery proceedings against petitioners for financial advance default, granting time for...
Income Tax : Read the detailed analysis of Birla Cement Works STFF Provident Fund's appeal against the late fee imposed under section 234E of t...
Income Tax : Seramudali Kabeer Hamidali's delay in filing ITR due to CA's illness and demise is condoned by Madras HC, setting aside rejection ...
Goods and Services Tax : Kerala High Court ruling deems notice demanding late fees on GSTR-9C filed pre-GST Amnesty Scheme unjust. Full text analysis provi...
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...
After a comprehensive review of the Lockdown measures to contain the COVID-19 situation in the country, Union Ministry of Home Affairs (MHA), issued an Order yesterday, to further extend the Lockdown for a further period of two weeks w.e.f. May 4, 2020.
The functioning of the Principal Bench of the Central Administrative Tribunal and its other Benches across the Country was suspended in view of the lockdown announced by the Ministry of Home Affairs, Government of India vide Orders dt: 24.03.2020 and the subsequent order of extension dt: 14.04.2020 till 03.05.2020.
It has become impossible for the petitioner to effect recoveries of debts, owed to it by various institutions, which, in the submission of Mr. Nayar, aggregate to over Rs. 3 crores. In view thereof, the submission of Mr. Nayar is that, as the lockdown has been presently extended till 3rd May, 2020, this matter may be re-notified thereafter and ad interim direction be issued, restraining any coercive action being taken against his client, towards the loans allegedly owed by it, which stand set out in tabular form at page 64 of the writ petition.
This piece of economic analysis is being written on 2nd May, 2020 when the lockdown has been further extended upto 17th May, 2020, locking majority of the population of India. The streets are empty, trains and flights are not running, schools, offices and factories are shut. India is trying to fight a global pandemic, which […]
Whole of the world is experiencing entirely unprecedented situation wherein almost all the businesses have been shut or were shut. The world practically has come to a standstill wherein Economic cycle has touched its bottom but to rise from the bottom, there has to be some stimulus from the governments. Various business organisations are giving astronomical figures to be considered as business losses suffered by various economies.
In a pre Covid-19, our economy was not reflecting any encouraging position. The growth rate was around 4.3% and the government has little leeway to provide large stimulus. Now, the Covid-19 pandemic and consequent lock down has totally changed economic equations and life style of the public. Public health, personal hygiene and safety have become […]
ICAI issued a press release on 01st May 2020 and decided that Due to the existing constraint of communication, members may communicate with the Retiring Auditor vide E-mail, provided an acknowledgement of such communication is received from the Retiring Auditor’s E-mail address registered with the Institute or his last known official E-mail address. Such acknowledgement […]
1. Lockdown will continue in India’s metropolitan cities like Mumbai, Delhi, Chennai, Kolkata, Hyderabad, Bengaluru and Ahmedabad even after the government relaxes restrictions from May 4. The latest list released by the Union Health Ministry shows that all these cities fall under the red zone—areas with a large number of cases. 2. The Union Health […]
A representation is been made to CBDT Chairman by leading accounting and CA Organisations of India and it is been requested that current rate of 10% under section 194J of the Act should be reduced to 2% and to Prioritise issue of lower/ nil withholding tax certificates under section 197 of the Act. Full text […]
FORCE (Fiscal Options & Response to Covid-19 Epidemic), a task force of young IRS officers, hit the headlines this week with its policy paper outlining the recommendations that the CBDT could take to fight with the economic downside due tothe COVID-19 Pandemic. The CBDT has charge-sheeted the senior IRS officers for their rolein leaking the […]