The 42nd GST Council met under the Chairmanship of FM Smt. Nirmala Sitharaman via video conferencing on 5th Oct 2020. Let us discuss the key highlights of the meeting.
The GST Council met through video conferencing on 5th Oct 2020 for the 42nd time and deliberated on several key issues. Some of the important recommendations made are elaborated in the article.
Whether notional interest on the security deposit paid by the tenant should be taken into consideration for the purposes of arriving at the total value from rental, or not? Let us discuss.
In the present scenario, due to the arise of Covid-19, many people are purchasing Health Insurance policies. Premiums paid on such policies are eligible for deduction u/s 80D of Income Tax Act. Let us discuss the deduction.
GSTR 4 Offline Utility is available on the GST Portal to facilitate the composition dealers to prepare the GSTR 4 Return. Let us discuss solutions to some common issues faced by taxpayers while filing GSTR 4
In order to facilitate the transition from an IBOR, the IASB has on 27 August 2020 announced various amendments. In this note, we capture the key changes to IFRS 9, IAS 39, and IFRS 7.
The Foreign Contribution (Regulation) Amendment Act, 2020 - A Section Wise Analysis
The Reserve Bank of India on 13 August 2020, notified the revised guidelines applicable to Core Investment Companies. Let us analyze the new same.
The amendment made in Ind AS 116 includes a practical expedient that provides lessees with a choice not to assess a rent concession occurring as a result of the direct consequence of the Covid-19 pandemic as a lease modification. Know more about the amendment here
Financial Risk management is important in an organization because, without it, a firm cannot define its objectives for the future. Let us discuss why it is the need of the hour for most companies.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)