Extension of moratorium on Term Loans EMI, deferment of Interest on Working Capital facilities by further 3 months from 01.06.2020 to 31.08.2020 Earlier, RBI on 27th March, 2020 has issued an Statement setting out various developmental and regulatory policies addressing the stress in financial conditions caused by COVID-19 …
ICAI releases Guidance Note on “Subsequent Events –Key Audit Considerations amid COVID-19” ICAI has released an Auditing Guidance on “Subsequent Events –Key Audit Considerations amid COVID-19” for the benefit of the members. The guidance note highlights the key areas where focus is desired due to Covid-19 pandemic on …
Provisional attachment of property purchased prior to Benami Transaction (Prohibition) Amendment Act, 2016 upheld by High Court ABCAUS Case Law Citation:ABCAUS 3313 (2020) (05) HC Important case law relied upon by the parties:R Rajgopal Reddy vs. Padmini Chandrasekharran (1995) 2 SCC 630Mangathai Ammal (Died) through L.Rs. and Others …
Kerala Cooperative Development & Welfare Fund Board notified for income tax exemption u/s 10(46) for five AYs 2019-20 to 2023-24. CBDT Notification 26/2020 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 26/2020 New Delhi, the 21st May, 2020 S.O. 1563(E).—In exercise of the powers conferred …
Section 269SU related to provision of electronic mode for acceptance of payments not to apply to businesses having only B2B transactions Circular No. 12/2020 F.No.370142/3512019-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes**** Dated: 20th May, 2020 Subject: Clarifications in respect of prescribed electronic modes under …
Review of Post-Default Curing Period for Credit rating agencies in view of covid-19 pendemic SECURITIES & EXCHANGE BOARD OF INDIA CIRCULAR SEBI/ HO/MIRSD/ CRADT/ CIR/ P/ 2020/ 87 May 21, 2020 ToAll Credit Rating Agencies (CRAs) registered with SEBI Dear Sir/ Madam, Sub: Review of Post-Default Curing Period …
