Financial Literacy
On an average, worldwide, only 1 out of 3 adults is financially literate. As per the survey conducted by S&P Global FinLit, Financial Literacy rate
On an average, worldwide, only 1 out of 3 adults is financially literate. As per the survey conducted by S&P Global FinLit, Financial Literacy rate
There are roughly about 6.3 crore MSMEs in India which are currently reeling under tremendous stress due to unprecedented situations that’s currently in play. The nationwide lockdown that has lasted over 45 days has made it difficult to carry out business in India. Especially, the not so big scale entities which are facing financial crunches leading to a more significant doubt on the business continuity of such enterprises.
In today\’s times, \’ effective risk management is a real-time play between changing risk appetite, strategy, and performance. Understanding risk appetite is critical to business success. It is the foundational step in strategic planning and integral to decision making. Organisations monitor and evaluate performance regularly; however, they fail to validate their risk appetite with emerging business scenarios, thereby leaving a risky gap in their corporate governance processes.
MCA has notified the Companies (Winding Up) Rules, 2020, vide Notification dt. 24 January 2020, comprising of Rules 1 to 191 and Forms WIN 1 to WIN 95, applicable for winding up under the Companies Act 2013. The same rule will be effective from 1st April, 2020.
The Central Govt. has notified new schemes related to the Government Savings Promotion Act, 1873, i.e., the Sukanya Samriddhi Account, Public Provident Fund, Senior Citizens’ Savings, etc. The old rules have been rescinded with an immediate effect. However, the recession shall not effect operation of the said rules in the relevant period.
The rate of interest on the Floating Rate Bonds, 2031 (FRB 2031) applicable for
the half year December 7, 2019 to June 6, 2020 shall be 6.10 per cent per annum.
CBIC issues order to extend last date for filing of appeals before the GSTAT:
Additional amount charged on delayed payment by customers for securities acquired by stock broker is liable to GST
The tax department has launched a portal that will provide information, including about procedures, related to automatic exchange of information under common reporting standard. Central Board of Direct Taxes (CBDT) Chairman P C Mody inaugurated the web portal on Income Tax website.
Best judgment assessment order was valid where assessee did not file return even within further period of 30 days