Definition of Nidhi Company or Mutual Benefit Society Nidhi or Mutual Benefit Society means a company which has been incorporated as a Nidhi with the object of: Cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only,…
“VEHICLE DOCUMENTS VALIDITY EXTENDED TILL 31ST JULY, 2020” Key highlight: Notification for extension of validity of fee payment and extension of time period for paying fees as mandated under rule 32 and 81 of Central Motor Vehicle Rules 1989 Details from the Circular: Due to…
The Central Board of Indirect Taxes (CBIC) on Monday said it has sanctioned GST refund claims worth Rs 11,052 crore in 47 days. In a tweet, the CBIC said it is "committed to ensuring liquidity to GST taxpayers especially MSME sectors during the lockdown". The…
As the world deals with the challenges posed by the COVID-19 pandemic, India Inc. struggles to overcome the economic slowdown triggered by the consequent lockdown. The shutdown of businesses, slowdown in demand, and complete disruption in the supply-chain have triggered a severe liquidity crisis in the economy.…
Central Board of Direct Taxes (CBDT) has issued tax refunds worth Rs. 26,242 crore to 16,84,298 assessees since 1st April, 2020 to 21st May, 2020. Income Tax refunds amounting to Rs. 14,632 crore have been issued to 15,81,906 assessees and corporate tax refunds amounting to…
11 Key Highlights of RBI Press Conference dt. 22.05.2020 RBI Governor Shaktikanta Das addressed the media at 10 am today post Finance Minister gave details of the Rs 20 lakh crore economic relief package to help the economy recover from the coronavirus pandemic. Key Highlights:…
The Council of the Institute of Company Secretaries of India has decided to reduce the number of elective papers of Professional Programme (New Syllabus - 2017) and to discontinue the following three Elective Papers/subjects from Module III of Professional Programme (New Syllabus - 2017) with…
Such a facility will ease the immediate GST burden and help MSMEs conserve cash It was only to be expected that a government that has always given importance to optics and catchy phrases would do the same, when the Prime Minister announced the ‘Atmanirbhar Bharat’…