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Pradhan Mantri Jan-Dhan Yojana (PMJDY)

August 28, 2020 2460 Views 0 comment Print

PMJDY was announced by Prime Minister, Shri Narendra Modi in his Independence Day address on 15th August 2014. While launching the programme on 28th August, the Prime Minister had described the occasion as a festival to celebrate the liberation of the poor from a vicious cycle.

Opportunity to taxpayers before finalizing of Assessment

August 27, 2020 735 Views 0 comment Print

Providing Ease of Tax Compliance and Opportunity to taxpayers before finalizing of Assessment Order are the core features of Faceless Assessment Scheme, a right step towards Minimum Government, Maximum Governance: Principal Chief Commissioner – Income Tax, Mumbai

Interest on delayed payment of GST on net liability wef 01.07.2017: CBIC

August 26, 2020 22860 Views 6 comments Print

CBIC today clarified that Notification No. 63/2020-Central Tax dated 25th August 2020 relating to interest on delayed payment of GST has been issued prospectively due to certain technical limitations.

Kolkata Customs seize 25 antiques idols valued at Rs 35.3 crore

August 26, 2020 615 Views 0 comment Print

On the night of 23rd August 2020, the Commissionerate of Customs (Preventive), West Bengal, seized 25 Antiques at South Dinajpur District of West Bengal which were being taken to Bangladesh, through Kaliyaganj border concealed in a Truck carrying Paddy.

Faceless Tax Assessment System is designed for 21st century

August 26, 2020 1449 Views 0 comment Print

A National e-Assessment Centre (NeAC) and a network of Regional e-Assessment Centres will be set up to implement the Faceless Assessment Scheme of the Income Tax Department, launched nation-wide by Prime Minister Shri Narendra Modi on 13th August, 2020.

Discussion Paper on Corporate Liquidation Process

August 26, 2020 1509 Views 0 comment Print

Resources are scarce and have competing requirements. Further, the market and organizational failures do happen in a dynamic market conditions, requiring the reallocation of capital from inefficient to efficient uses and redeployment from failing companies to the ones which have better ideas about the ways and means to enhance the efficiency of the scarce capital.

SEBI Regulatory measures to continue till September 24, 2020

August 26, 2020 444 Views 0 comment Print

On review of the COVID-19 pandemic related situation, it has been decided that the regulatory measures introduced vide SEBI Press Release dated March 20, 2020′ , shall continue to be in force till September 24, 2020.

Insurance claim cannot be denied for not holding valid PUC certificate

August 26, 2020 729 Views 0 comment Print

There are some misleading media reports to the effect that if there is no valid PUC certificate at the time of accident, claim under a motor insurance policy is not payable. It is hereby clarified that not holding a valid PUC certificate is not a valid reason for denying any claim under a motor insurance policy.

MCA maiden success in recovery of $3.25 million in Nirav Modi case from USA

August 25, 2020 588 Views 0 comment Print

PNB has informed MCA which spearheaded the corporate governance litigation in a foreign jurisdictional Court, that it has received $ 3.25 million (equivalent of Rs. 24.33 crore) as the first tranche of recoveries.

ESIC Covid-19 Relief For Loss of Work

August 20, 2020 2394 Views 0 comment Print

1. Relaxation in eligibility criteria and enhancement in the payment of unemployment benefit under Atal Bimit Vyakti Kalyan yojana of ESIC  2. Establishment of ICU/HDU services at 10% of total beds in ESIC Hospitals  3. Measures taken by ESIC during Covid – 19 pandemic

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