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...
Insurance Regulatory and Development Authority Date:23-03-2020 PRESS RELEASE To prevent the spread of Covid-19, Government of India has initiated various measures. Several States have enforced lock-down in some areas. This may result in some disruption in the operations of insurance companies and other entities connected with insurance industry. To ensure proper service to policyholders and […]
Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade 23rd March, 2020 TRADE NOTICE NO. 58/2019-2020 To 1. Regional Authorities of DGFT 2. Customs Commissionarates 3. Members of Trade 4. Joint Secretary (Customs), CBIC, Department of Revenue. Subject: Modalities for import of 4 Lakh MT of Urad for […]
MCA has introduced a new form CAR (Company Affirmation of Readiness towards COVID-19) w.e.f. 23rd March, 2020. Following type of entities have to file Form CAR-2020: -Company -LLP -Foreign Company -Foreign LLP Key Features of Form It is Web based form (need to file online) There are no fees for this form. No need of […]
Amidst the worldwide fear of Novel Coronavirus, (COVID – 19), MCA has rolled down a web-based form (CAR) – 2020, i.e. Company affirmation of Readiness towards COVID 19 and maintaining social distancing. The MCA Notification states that the same will be applicable to all Companies / LLP irrespective of any criteria levied on it. Amidst […]
Indian banking system was on fire owing to Non-performing assets and the onset of COVID 2019 would perhaps turn it into a fireball impact on the vulnerable financial services sector in India. It may become increasingly difficult for the RBI to regulate and provide emergency administrative action if large number of vulnerable banks in India go down the hill considering corporate governance failures in our country.
Currently COVID -19 is a Draconian Black Truth. Due to COVID 19 whole world is in lockdown situation. Its impact and experience urges everyone to remain at home. This is really a panic situation. Everyone here is under tremendous stress considering the economic and financial loss. But at the end “Loss of Life” is always […]
Tax Bar Association, Jodhpur has requested Finance Minister to Kindly extend the date falling on 31.03.2020 to 30.06.2020. Meaning thereby that last date to file belated income tax return for the assessment year 2019-20 and to file revised return for the same assessment year be extended to 30.06.2020 from 31.03.2020. We understand this will require […]
Cancellation of all train Services by Indian Railways in the wake of COVID-19 1. In continuation of the measures taken in the wake of COVID-19, it has been decided that all passenger train services on Indian Railways including Premium trains, Mail/Express trains, Passenger trains, Suburban Trains, Kolkata Metro Rail, Konkan Railway etc shall be cancelled […]
It is indeed heartening to see that realizing the gravity of the situation created by the exponential spread of Carona Virus, you have addressed the nation to remain alive to the danger and have suggested several measures in your address on 19.03.2020. Among other resolves you have also asked the business community to take a […]
In the light of ongoing situation of CoVID-19 global pandemic, several business houses are encouraged and many have indeed allowed a work from home policy. This is a draft ‘Work from Home Policy’ document which can be customized and altered as per requirements. This does not constitute professional advisory or recommendation. It is a simple […]
