The Punjab Accountants Association requested to extend due date for uploading and filing audited tax reports by Assesses till 30th November, 2019. They have submitted the representation to Ms. Nirmala Sitharaman, Honorable Union Finance Minister, Government of India. Text of the Representation is as follows:- THE PUNJAB ACCOUNTANTS ASSOCIATION OFFICE : R. K. ASSOCIATES, SEHDEV […]
Initiatives taken by the Ministry towards Ease of Doing Business 1. Ministry of Corporate Affairs has provided exemption to private companies through Companies (Amendment) Act, 2015, wherein the requirement for minimum paid up capital was removed. 2. Central Registration Centre(CRC) was established by MCA under Section 396 of the Companies Act, 2013 (Act) vide notification […]
(Based on UGC NET 2019 DEC-COMMERCE Business Environment Syllabus). Following concepts will be fruitful to Students who write examination based on Business Environment. The important concepts explained are the following- Business Environment and International Business Concepts and elements of business environment: Economic environment- Economic systems, Economic policies(Monetary and fiscal policies); Political environment-Role of government in […]
Extension of time limit of UDIN generation from 15 days to 30 days – One Time Relaxation In response to the various representations received from Members at large for inability in generating UDIN due to floods in many parts of the Country and related internet issues, the Council at its 386th Meeting held on 18th […]
It is requested that the due date for filling of Tax audit reports & Income tax returns falling due on 30th September be extended to 15th November 2019. Request been made to Smt. Nirmala Sitaraman, Union Minster of Finance, Government of India. Text of the Representation is as follows:-
Cabinet approves Promulgation of the Prohibition of Electronic Cigarettes Ordinance In a major health and wellness initiative for the country, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Promulgation of the Prohibition of Electronic Cigarettes (production, manufacture, import, export, transport, sale, distribution, storage and advertisement) Ordinance, 2019. Electronic-cigarettes are […]
In year 2005, PQR Limited entered into a lease agreement to take on lease an office building from ABC Limited for a period of one year. Since 2005, the contract has been renewed every year for a further period of one year at a time. As per the past practice, it is likely that the contract will be renewed for another one year at the expiry of its current term.
INDIAN CUSTOMS An impetus to export and import under GST. Exports and supplies to SEZ unit / SEZ developer are treated as zero-rated supplies. Exporters may opt to pay IGST on outward supply and claim its refund. Alternatively exporters can export under bond or LUT (without payment of tax) and claim refund of accumulated Input Tax […]
In the New Scheme of Education and Training, the assessment of elective papers 6A to 6F at the Final level is case study based. Upto May, 2019 examination, the question paper of each elective subject comprised of three case studies for 50 marks, out which a candidate had to attempt any two.
Addressing the concerns raised by Agriculture Produce Market Committees (APMCs), it has been decided not to levy the 2% TDS on cash payments above Rs 1 crore made through APMCs, in order to make immediate payments to farmers for their produce. Further to the announcement made by Smt@nsitharaman on 23-08-2019, an additional 15% depreciation has […]
