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...
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 […]
Epidemics of COVID-19 is not only alarming for the persons who have been infected, but equally or more damaging to the world economy even worst than second world war. Almost all the countries are badly affected and economy of each country in the world is not only showing the negative growth but is eroding liquidity, […]
A Wide look upon the SACKING of Employment during novel Covid-19 Pandemic Introduction of Corona: Date of Birth 31.12.2019 Full Name: Corona Virus, Known as Covid-19 Place of Birth: Wuhan China Award: Declared as pandemic disease by WHO Achievement: Worldwide The more life of this Lockdown is extending, the more list of its impact in […]
The object of issuing notifications/circulars dated 27.03.2020 and 17.04.2020 was to provide financial relief in repayment due to COVID-19 to the parties who have availed the term loans and working capital facilities but this relief is not extended towards factoring facilities.
Learned counsel for the petitioner submits that Circular dated 27.03.2020 issued by the Reserve Bank of India has not been implemented by the banks. Hon’ble Supreme Court directs the Reserve Bank of India to ensure implementation of the Circular dated 27.03.2020 in its letter and spirit.
We all are very much acquainted with the quote- Whatever happens, happens for good! I am sure that none of us has ever experienced such a situation in our lifetime. Unaware as to what is to be done, how will we tackle the daily challenges which have been thrown amidst this pandemic. Eagerly waiting for the lockdown period to end and retreating to our daily routine is all we wish every single day.
