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What if PAN not linked with Aadhar ?

June 24, 2020 6570 Views 2 comments Print

Consequences of  Non-Linking of PAN with Aadhar 1) PAN will become inoperative. 2)Where a PAN has become inoperative, it will be assumed that PAN has not been furnished/ quoted as required by the law and a penalty of Rs.10,000 may apply as per section 272B of the Income Tax Act. 3) An individual having an […]

Government Schemes for MSMEs & NBFCs Creating significant Impact 

June 24, 2020 1455 Views 0 comment Print

The interventions by Government for MSMEs, have been gaining rapid traction.  Under the Emergency Credit Line backed by a Government guarantee, Banks from Public & Private Sectors have so far already sanctioned loans worth over Rs. 79,000 crore as of June 20, 2020, of which more than Rs 35,000 crore has already been disbursed.

Govt to verify Patanjali Ayurved claim on treatment of COVID-19

June 23, 2020 795 Views 0 comment Print

Patanjali Ayurved Ltd has been asked to provide at the earliest details of the name and composition of the medicines being claimed for COVID treatment; site(s)/hospital(s), where the research study was conducted for COVID-19; protocol, sample size, Institutional Ethics Committee clearance, CTRI registration  and results data of the study (ies) and stop advertising/publicizing such claims till the issue is duly examined.

CBIC Enables End to End Paperless Exports under Turant Customs

June 23, 2020 720 Views 0 comment Print

Shri Ajit Kumar, Chairman, Central Board of Indirect Taxes and Customs (CBIC) here yesterday unveiled a Secure QR coded Shipping Bill that would be electronically sent to exporters after the Customs allows export. This eliminates in one stroke the requirement of the exporters having to approach the Customs officers for proof of export. This also makes the end to end Customs export process fully electronic, from the filing of the Shipping Bill to the final order to allow export.

SOP for Housing Societies in Mumbai

June 23, 2020 16761 Views 1 comment Print

Housing Societies in Mumbai can be categorized as. 1. Societies those who have all resources to manage the situation.(Resources like, Watchman, Housekeeping and so on) 2. Societies where maximum members are senior citizens who manage the society. 3. Other small and General societies which do not have resources.

Format of Consent Letter From Statutory Auditor

June 22, 2020 182646 Views 4 comments Print

Format of Consent Letter  From Statutory Auditor under Companies Act, 2013. Date: ————– To, The Board of Directors Name of Company————- Address—————————- Sub: Consent Letter Dear Sir(s), Pursuant to the section 139 of the Companies Act, 2013 read with rules made thereunder,  I/We, Name of Auditor/Auditor(s) firm, Chartered Accountant(s) hereby give my/our consent for being […]

SC teaches Court etiquettes to erring lawyer

June 21, 2020 1020 Views 0 comment Print

Covid pandemic has ushered in a new era and have brought  in new concepts and ways of working in different spheres of life. Our legal system has also undergone a complete change and Video Conferencing Hearings have become the order of the day. The Apex Court and various High Courts are virtually hearing important matters […]

Scheme for Street Vendors -PM SVANidhi scheme

June 21, 2020 2073 Views 0 comment Print

Ministry of Housing & Urban Affairs Scheme of Special Micro-Credit Facility launched for Street Vendors – Striving towards Atmanirbhar Bharat Posted On: 19 JUN 2020   A Memorandum of Understanding has been signed between Ministry of Housing & Urban Affairs and Small Industries Development Bank of India (SIDBI), here today, in order to engage SIDBI […]

Include CMA services in Desk Review system of GST Audit

June 20, 2020 7824 Views 1 comment Print

In Desk Review, CMAs can also be a good assistant to CBIC and can guide to Govt. Officials which documents are necessary to scrutiny and review properly before field visit according to nature of business which in result will prevent revenue leakage of Govt.

ICSI allows students to opt December 2020 exam session

June 20, 2020 2526 Views 0 comment Print

ICSI decided as under: 1. To allow such students to opt December 2020 exam session, instead of June 2020 exam session. 2. Carry forward the examination fee already paid by the students for the module for which they have enrolled for June 2020 Session.

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