Goods and Services Tax : GST limitation periods for issuing notices or completing assessments are mandatory. COVID extensions were for litigants, not tax a...
Corporate Law : This research paper delves into the employment law challenges associated with remote work arrangements in India, exploring the leg...
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...
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 : The Jodhpur ITAT condoned a 30-day delay in filing an income tax appeal after holding that the delay fell within the Supreme Court...
Goods and Services Tax : Dispute on ITC mismatch between returns was remitted after ex-parte order, allowing reconciliation upon 10% pre-deposit. Key takea...
Goods and Services Tax : The Court held that refund rejection on limitation grounds was invalid as authorities failed to consider the Supreme Court’s COV...
Income Tax : ITAT Hyderabad held that the Supreme Court’s COVID-19 limitation extensions apply only to judicial and quasi-judicial proceeding...
Company Law : The Appellate Tribunal upheld dismissal of a CIRP application after finding that the creditor’s own pleadings fixed the default ...
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...
COVID19 has applied sudden break to halt all industries except few. Pharma is one of the exceptional industries wherein some activities are happening being essential in the current crisis. Though pharma industries are allowed to function during the lockdown, many challenges like, transportation of employees, movement of active pharmaceutical ingredients (API), movement of finished goods […]
In a normal scenario we have Operating profit in our financials which is denoted with EBITA (Earnings before Interest, Taxes, Depreciation/ Amortization) . But this year, we may have a new concept – EBITADAC (Earnings before Interest, Taxes, Depreciation/ Amortization and Corona Virus. All provisions/ significant expenses made in the FY 2019-20 and FY 2020-21 […]
39th GST Council Meeting Held on 14th March 2020. Deferment and Extension of Return :– > Relaxation to taxpayers for filing GSTR 9C (F.Y. 2018-19) for taxpayers having turnover below INR. 5 Crore. > Due date for filing GSTR 9C (F.Y. 2018-19) extended to 30th June 2020 for taxpayers having turnover above INR. 5 Crore. […]
Considering the difficult situation the country is facing due to the pandemic of Covid-19, the Government has announced various relief measures for the trade and industry. One such measure is to provide the trade and industry sufficient time to file the GSTR-1 and GSTR-3B for the period February 2020 to April 2020 without any penal […]
1. India has staved off the extensive damage which would have been caused by coronavirus, because of the sacrifice by countrymen 2. We can understand the difficulties faced by the People, but for the country you have carried out your duty and I thank you for your service. 3. Today is Dr B R Ambedkar […]
The article highlights implications on contract with force majeure clause or without force majeure clause, reporting as per corporate governance and brief on employer employee relationship contract.
Extension of Submission Date of Share Capital Audit Report for the quarter ended March 31, 2020 till 31st May, 2020 BSE vide Circular no. LIST/COMP/1/2020-21 dated 14.04.2020 informed listed companies on Relaxation in adherence to prescribed timelines issued by SEBI due to Covid 19 which was provided by SEBI Ciruclar No.SEBI/HO/MIRSD/RTAMB/CIR/P/2020/59 Dated April 13, 2020. […]
India’s fight against the Corona global pandemic is moving ahead with great strength and steadfastness. It is only because of your restraint, penance and sacrifice that, India has so far been able to avert the harm caused by corona to a large extent. You have endured immense suffering to save your country, save your India.
Below is an overview of some of the most relevant statutory compliances wherein relaxation is provided in statutory timelines (including reduction in interest rates/fees in some cases).
RBI announced 3 months EMI Moratorium on loans. People rejoiced and there was a big relief on many thinking they are now safe for the next 3 months. However, the reality is entirely different. What is the meaning of 3 Months Moratorium? As per the definition of the dictionary, Moratorium means ‘A legal authorization to […]
