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Income Tax deadlines that end on 31st July 2020

  CA Rahul Mittal    30 July 2020 at 10:14

Due to the coronavirus pandemic, the government had extended the various due dates for giving relaxations to the taxpayers.



ICSI FAQs on Merging of June 2020 with December 2020 CS Examination

  Suhasini    29 July 2020 at 10:25

The Institute of Company Secretaries of India has released a list of frequently asked questions on merging of the June 2020 CS exams with November 2020 CS Exams.



SEBI Settlement Scheme 2020: One-time Settlement scheme

  CS Lalit Rajput    29 July 2020 at 10:16

SEBI vide Public notice dated 27thJuly, 2020 has issued Public notice in respect of SEBI-Settlement Scheme 2020 to provide one time settlement opportunity to the entities that have executed trade reversals in the stock options segment of BSE during the period from April 1, 2014 to September 30, 2015 against whom any proceedings are pending.



ACCA leads the way by introducing Remote Invigilation Computer Based Exams!

  ACCA Shilpi Jain    29 July 2020 at 10:16

Surely, ACCA has been able to show us how to lead the front by accepting this challenge and making sure that at no points do student's suffer in their academic journey !



Conducting AGM by means of VC / OAVM- Summary of Circulars by MCA

  M M Sheth    29 July 2020 at 10:12

Companies have been allowed to conduct their AGM through Video Conferencing (VC)/Other Audio Visual Means (OAVM) during the calendar year 2020.



Consequences of filing ITR(Income Tax Return) after the Due Date

  CA Shubhi Khandelwal    29 July 2020 at 10:10

Non-Filing of the Income Tax Return may result in Penalty under Section 271F of Income Tax Act, 1961, Interest under Section 234A of Income Tax Act, 1961,  Non-Carry Forward of Losses, Best judgment assessment, Claim of Refund of Taxes, Prosecution for Failure to Furnish Return of Income etc.



FAQs on eForm DIR-3 KYC

  CA Shubhi Khandelwal    29 July 2020 at 10:10

Every Director who has been allotted DIN on or before the end of the financial year, and whose DIN status is 'Approved', would be mandatorily required to file form DIR-3 KYC before 30th September of the immediately next financial year.



Introduction of PAS-6 in Corporate System

  CS Pankaj Grover    28 July 2020 at 17:43

The introduction of PAS-6 by the Ministry of Corporate Affairs is for the purpose of reconciliation of the share capital audit report on a half-year basis.



Can GST ITC be claimed on Medical Insurance?

  Sai Ratnakar Annam    28 July 2020 at 17:43

GST ITC can only be claimed for the Medical insurance taken during the period from 15/04/2020 to 17/05/2020



New Pension Scheme(NPS)

  Anirban Sinha    28 July 2020 at 17:43

To relieve the retired person, as well as reduce the cost to the government, NPS or the New Pension Scheme was introduced in the year 2004