CAclubindia Articles

Corporate Tax rates and eligible deduction under PM cares Fund

Posted by Ashwin Jain 27 April 2020 2410 Views

Sec 115BA provides for a reduced tax rate of 25% in case of all domestic manufacturing companies incorporated on or after Mar1, 2016, Sec 115BAA has been inserted to provide for a reduced tax rate of 22% for all domestic companies.

Compilation of amendments introduced by MCA

Posted by CS Anupriya Saxena 27 April 2020 7531 Views

In the view of the outbreak of COVID-19 the MCA has given various relaxations and relief measures and to do so has made various amendments. Here are the amendments introduced by the MCA.

Key Highlights of RBI Liquidity Support to Mutual Funds due to COVID-19

Posted by CS Lalit Rajput 27 April 2020 1927 Views

RBI Announces Rs. 50,000 crore Special Liquidity Facility for Mutual Funds vide press release 2019-2020/2276 dated 27th April, 2020. In view of the situation arising due to the COVID-19 pandemic and extended lockdown period.

Is your business COVID-19 ready?

Posted by Manju Laur 27 April 2020 960 Views

Given this it's crucial that business should assess its risk and rapidly implement the necessary measures at the appropriate scale to reduce the effect of COVID-19.

Ineligible ITC subjected to reversal under GST

Posted by P.Jagadeeswaran 27 April 2020 4389 Views

If the dealer has taken ineleigible input tax credits, the same requires to be revered voluntarily to avoid penal action by the department. The relevant provisions quoted are under the CGST act only and hence relevant references under SGST/ UGST/ IGST act(s) shall be referred.

How is Coronavirus Pandemic Affecting the Indian Economy?

Posted by Biswajit Mishra 27 April 2020 1334 Views

Coronavirus is impacting the Indian economy up to a great extent and it is affecting the Indian industries too. In the imports, India's dependence on China is enormous. Of the top 20 goods (at the two-digit HS Code) that India imports from the world, China accounts for a large share of the total.

Income Tax slab rates for AY 2020-21

Posted by Simran Saria 27 April 2020 8083 Views

Know the Income Tax Slab Rates for the Assessment Year 2020-21.

Private Company- Meaning and Mandatory Compliances

Posted by DEEPAK SETH 27 April 2020 1730 Views

A private limited company is a company that is privately held for small businesses. The liability of the members of a Private Limited Company is limited to the amount of shares respectively held by them. Shares of Private Limited Company cannot be publicly traded.

Issuance and listing of green debt securities disclosure requirements

Posted by CS Lalit Rajput 27 April 2020 2522 Views

A Debt Security shall be considered as "Green" or Green Debt Securities if the funds raised through the issuance of the debt securities are to be utilized for the project(s) and/or asset(s) falling under prescribed categories like Renewable and sustainable energy,energy efficiency including efficient and green buildings etc.