Relaxation/Extensions of one year given under Custom Notifications MINISTRY OF FINANCE(Department of Revenue) Notification No. 18/2020-Customs New Delhi, the 30th March, 2020  G.S.R. 227 (E).-In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on …

MCA brings Companies Fresh Start Scheme 2020, revises LLP Settlement Scheme 2020 Ministry of Corporate Affairs 30 March 2020 New Delhi Press Release In pursuance of the Government of India’s efforts to provide relief to law abiding companies and Limited Liability Partnerships (LLPs) in the wake of COVID …

Govt defers amendments to Stamp Act 1899 to 01.07.2020 Ministry of Finance(Department of Revenue) Notification New Delhi, the 30th March 2020  SO 1226(E) In exercise of the power conferred by section 11 of the Finance Act 2019 (7 of 2019), the Central Government hereby makes the following amendments …

Finance Act 2020 received assent of the President and published in official Gazette The Finance Act 2020 has received the assent of the President on 27th March, 2020 and is published in Gazette of India. Earlier, The parliament had passed the Finance Bill 2020 on 23rd March 2020 …

Requirement for PSBs to complete Statutory Audit by 15th May withdrawn. Earlier the Govt had specified a uniform schedule for Statutory Audit of Public Sector Banks after closure of accounts on 31st March of the financial year Finance Ministry has withdrawn the circular which required that all public sector …

ICAI Advisory on Accounting and Assurance related issues for FY 2019-20 due to Covid-19 Disruptions ICAI has issued an advisory on impact of corona virus on financial reporting and resultant auditors consideration. The advisory/guide is applicable (a) to entities to whom Ind AS is applicable and (b) the …