Tag: COVID-19
An Opportunity in Crises !
What has COVID 19 done? Disruption – Biggest in shortest duration, of our life time. Lock-down, a reality, everywhere, in one way or the other. What to do? Behavioral change – though Optional for each one of us. What lies Ahead ? Opportunities!! Driven by changed behavior in a new world. Yes, it is a changed world now. A world
Company Fresh Start Scheme and LLP Settlement Scheme
Ministry of Corporate Affairs, Government of India, vide general circular No. 12/2020 and 13/2020, dated March 30, 2020 notified “Companies Fresh Start Scheme, 2020” and LLP Settlement Scheme ( the “Scheme”) where all Companies and LLP’s have been given opportunity to file overdue forms with Registrar of Companies without late fee and immunity from prosecution. For more details refer attached: GMA
CEO FUNCTIONS IN A CORONA BATTERED ECONOMY
By CA M J MIRZA Chief Executive Officers, whether of a large listed company or MSME, had a coveted role for themselves, to deal with challenges routinely, whether to launch New Products, or to increase Market Share or to increase ROE, or meet expectations of all stakeholders all these years. But all this got so drastically altered since the
Clarification on Tax related issues for ye 31.03.2020
1) FY 2019-20 is not at all extended till 30th June, only the date is extended for some compliance’s. 2) Belated returns or Revised returns for the FY 2018-19 can be filed till 30th June. 3) In the FY 2019-20, income is taxable till 31st March only and not upto 30th June, i.e. for taxability of income financial year is
FM Nirmala Sitharaman Announcements on 24th March – COVID-19
FM Nirmala Sitharaman today announced the following relaxations on compliance requirements due to COVID-19: 1. INCOME TAX – Last date of filing Income Tax Return FY 2018-19 increased to 30.06.2020 – Interest Rate delayed payment reduced from 12% to 9% – Delayed deposit of TDS interest rate 9% till 30.06.2020 2. Due date extended to 30.06.2020 – Aadhar- Pan Linking
