With the recent outbreak of COVID-19, stock markets around the world have plummeted with the SENSEX falling by over 40% since the beginning of March. In valuation parlance, volatility is translated as risk and is a key parameter in pricing an asset. However, quantifying such a risk is challenging at this time as the situation is still developing, and there are no clear indications as to when the pandemic will subside.
TDS Rate Chart For Assessment year 2021-22 /Financial Year 2020-21 As we all are aware that yesterday our Honourable Finance Minister has conducted press release. In that press release she declared that The TDS rates for all non-salaried payment to residents, and tax collected at source rate will be reduced by 25 percent of the […]
Relaxations Provided By SEBI In View of COVID-19 Pandemic SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 Vide Its Circular Dated May 12, 2020 Relaxations necessitating out of MCA circulars Regulation No. Requirement as per the LODR Relaxation in view of COVID-19 Pandemic Regulation 36 (1)(b) and (c) – Documents & Information to shareholders To […]
This act came into force on 9 December 2013. The history of this lies back to Vishakha case. In 1997 a female worker, named Vishakha was harassed at workplace which led to formulation of Vishakha guidelines. This act was formulated to supersede Vishakha guidelines. This act provides with provisions for sexual harassment of women at […]
Micro, Small and Medium Enterprises (MSME) is one of the most distressed sector during Covid-19. It employs a huge number of people and contributes to around 30% of Indian GDP. There are severe supply chain disruptions especially in the businesses that provide essential services. It is difficult for them to continue paying workers during the […]
Vizag Gas Leak: Strict Liability or Absolute Liability? On May 07, 2020, around 3:45 a.m, Styrene, a hazardous gas got leaked from a chemical factory owned by the South Korean Company named LG Polymers India Pvt Ltd, situated at R.R. Venkatpuram village, Pendurthy Mandal, Vishakhapatnam resulting in the death of 11 persons, hospitalization of more […]
Due to the rapid Growth & increasing Competition in the Housing Finance Sector, the chances of Procedural Lapses have also been increasing. The Probability of misuse & taking of advantage of the System by unscrupulous elements have also risen. It is very important to take urgent remedial & proactive steps so that incidents of Defaults […]
In this article, we have tried to explain the difficulties or challenges that tax officials or taxpayers are facing in the current crises. Article explains Residential status of Internationally Mobile Employees, Residential Status of companies (Place of Effective Management), Risk of creation of Service Permanent Establishment (PE), Extension of statutory filing due dates and Transfer pricing Implication
Highlights of Speech by Finance Minister Dated 13.05.2020 in the Matter of Covid-19 1. Central Armed Police Forces (CAPFs) canteens to sell only indigenous products from 1st June, 2020; 2. The economic package aims to spur growth and make India self-reliant based on 5 pillars- Economy, infrastructure, System, Demography, Demand, intention is to make local […]
Input tax credit has been defined as per Act in our previous article. It means the credit of Input Taxes paid on inputs, capital goods and input services. The Input tax in relation to a registered person, means the Central-tax (CGST), State-tax (SGST), Integrated-tax (IGST) and Union Territory Tax (UTGST) charged on any supply of […]
