The Reserve Bank of India (RBI) keeping in the mind the intensification of COVID-19 disruptions has imparted priority to relaxing repayment pressures and improving access to working capital
CBIC has issued Notification No 60/2020 - Central Tax and Notification No 61/2020 - Central Tax Dated 30th July, 2020 enhancing threshold for preparing E-Invoice to Rs 500 Crores
In this article, we are going to present the latest accounting trends which will form the trade in 2020, from rising uses of cloud to automation.
MCA further relaxes the requirement of holding Board meetings with the physical presence of directors under section 173 (2) read with rule 4 of the Companies (Meetings of Board and its Powers) Rules, 2014 for approval of the annual financial statements, Board's report, etc.
Due to the coronavirus pandemic, the government had extended the various due dates for giving relaxations to the taxpayers.
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 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.
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 !
Companies have been allowed to conduct their AGM through Video Conferencing (VC)/Other Audio Visual Means (OAVM) during the calendar year 2020.
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.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English