What are Permanent Establishments? The most important issue in the treaty based international fiscal law is the concept of Permanent Establishment (PE). All the models of conventions namely:
Government has come up with new scheme of tax for Individuals in the Budget 2020, which will be applicable from the Tax return of F.Y. 2020-21. Who can opt for the scheme? The Individuals and HUFs who does not have any Business income can opt for New Scheme. Points of difference between both schemes: 1. […]
1. No additional fee: No Additional Fee shall be charged for late filing during a moratorium period from 01st April to 30th September 2020, in respect of any document, return, statement etc., required to be filed in the MCA-21 Registry. (MCA may come with one more clarification on this). 2. Board Meeting Gap : As […]
Issue of Share on Rights basis is covered under Section 62 of the Companies Act, 2013 and Companies (Prospectus and Allotment of Securities) Rules, 2014. -The Right Issue of Shares is a formal invitation to the existing shareholders of the Company to buy additional new shares; such shares are issued in proportion to existing shareholding. -One pre-emptive […]
Hit by the dreaded virus- CORONA or COVID 19, as it is called, the world (180 + countries) is under the pandemic and struggling to fight and overcome the virus. All affected nations are on their toes to combat the disease by all means in a war against Corona. This virus, as we all know […]
COVID-19 issues will depend on each audit’s facts and circumstances. However, every auditor shall have to be proactive for these wholly unprecedented challenges in number of areas while carrying out their respective audits.
Introduction In this article I have tried to explain the impact of Covid-19 on Crude Oil, Inflation and Dollar Rate on Indian Economy in layman language and the correlation between them. History about Indian Rupees Indian Currency was never measured against dollar at the time of Independence. It was measured against Pound and only after […]
HR Department of Company may consider to issue necessary Temporary Advisory/Directions for its Employees while resuming their operations Post Covid-19 As the Ministry of Home Affairs, in pursuance of its order No. 40-3/2020-DM-I (A) dated 1st May, 2020, has issued new guidelines, effective from 04.05.2020, allowing, subject to the conditions, various activities. In order to […]
We all know that this lockdown has been hard on all of us, but it has been the hardest for women who are the primary victims of domestic violence. Aggrieved women are currently trapped with their abusers and their violent partners, with no escape. Violence against women has seen an exponential surge across the world during the lockdown.
Given that at the time of writing this, no cure has been developed for COVID-19 and a suitable vaccine still in development, this note analyses whether lockdown of business (Complete or Partial) might have been the best way to handle the crisis. While we are always wise in hindsight, given that we are still living through the pain inflicted by COVID, the key points, this note is deliberating are still relevant.
