Global markets were in red yesterday. However, this morning the Asian markets are showing positive signs. Additionally, the US stock futures are in green. SGX Nifty also showing a gap-up for Indian markets. LUPIN: After Dr. Reddy’s and Aurobindo Labs, Lupin also launches Molnulup, a Covid Drug based on Molnupiravir. ZEE LEARN :Zee learn has […]
Posted inGST
GSTN Issues Advisory on Revamped Search HSN Code Functionality
A revamped & enhanced version of Search HSN Functionality has been launched on the GST Portal. Advisory on Revamped Search HSN Code Functionality The Search HSN functionality was earlier given as a measure of facilitation to the taxpayer to search the Technical Description of any particular HSN code of any goods and/or service used in the Trade, […]
Posted inMARKETS
Hinduja Global Solutions declares a special dividend of Rs. 150 per share and a 1:1 bonus issue
Process Management entity Hinduja Global Solutions has declared a special dividend of Rs. 150 per share. The company also announced a 1:1 bonus issue. The record date will be 29 January 2022. Earlier the company sold its health care business to the private equity firm Bearings for consideration of $ 1.20 billion. The post-tax benefit […]
Posted inCOMPLIANCE CALENDAR
COMPLIANCE DESK AND CORPORATE COMPLIANCES OF A LISTED COMPANIES
a. Annual Compliances of Listed Companies S. No. Regulations Timeline Brief Particulars 1. 34 Within 21 working days of it being approved and adopted. Submission of Annual Report 2. 44 Within 48 hours of conclusion of general meeting Submission of voting results 3. 24A Within 60 days of end of financial year Submission of […]
Posted inICAI
Postponement of ICAI Convocation 2021-22 at Kanpur and Jaipur; Updated Schedule here
Convocation 2021-22 – Postponement of Convocation 2021-22 scheduled to be held at Kanpur and Jaipur till further orders.Details Postponement of Convocation 2021-22 at Kanpur and Jaipur Keeping in view of the Orders issued by the respective State Governments owing to transmission of COVID -19 virus rapidly, the Convocation scheduled to be held on 13th- 14th […]
Posted inICAI
Chartered Accountants Act Changes: Willing To Strike, But Afraid To Wound
On Dec. 17, 2021, the government introduced a bill in the Lok Sabha to amend the law regulating chartered accountants (and cost accountants and company secretaries). The following table presents the key changes in the Chartered Accountants Act, 1949. Disciplinary Matters Currently, the Institute of Chartered Accountants of India has powers to discipline chartered accountants […]
Posted inMARKETS
Reliance Retail buys a 25.8 % stake in Dunzo for $ 200 million
Reliance Retail buys a 25.8 % stake in the quick commerce platform, Dunzo. The company has spent $ 200 million equivalent to Rs. 1488 Cr for this purpose. The company took this decision to get a strong space in the quick delivery market. Dunzo will provide logistics assistance to the retail giant. It will also […]
Posted inMARKETS
Reliance Industries raises $ 4 billion through the bond issue
Major Indian conglomerate Reliance Industries raised $ 4 billion through a bond issue. The company said that it has received that amount in 3 tranches of issuance of the bonds. This is the largest ever bond issue in a foreign currency in India. The Notes were oversubscribed around 3 times. The company said that it […]
Posted inICAI
Bring back provision for audit of GST annual returns: ICAI to govt
Accounting rule maker Institute of Chartered Accountants of India (ICAI) has asked the government to bring back the audit and certification provisions relating to Goods and Services Tax (GST) annual returns, saying that doing away with audit will disrupt compliance. GST authorities last August dropped the provision for mandatory audit of annual returns for businesses […]
Posted inBUSINESS & ECONOMY
Controller General of Accounts under Ministry of Finance organises workshop on PFMS
PFMS Division of Office of Controller General of Accounts (CGA) under Ministry of Finance, Government of India on Thursday organized a workshop on Public Finance Management System (PFMS) to generate awareness among the officials on the functioning and achievements of the system at Jaydev Bhawan in Bhubaneswar. Attending the workshop as Chief Guest Shri Deepak […]
Posted inGST
Video Series for filing of GST Annual Return Form GSTR-9
Video Series for filing of GST Annual Return Form GSTR-9 Watch Part 1 of 3 User Manual: https://t.co/PokIHmgPHL FAQs: https://t.co/RcNdWTtdCs
Posted inBUSINESS & ECONOMY
Cabinet approves Memorandum of Understanding between India and Turkmenistan on Cooperation in the field of Disaster Management
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the signing of Memorandum of Understanding (MoU) between India and Turkmenistan on Cooperation in the field of Disaster Management. The MoU seeks to put in place a system, whereby both India and Turkmenistan will be benefited from the Disaster Management mechanisms […]
Posted inBUSINESS & ECONOMY
Cabinet approves Agreement between India and Spain on Cooperation & Mutual Assistance in Customs Matters
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the signing of Agreement between India and Spain on Cooperation and Mutual Assistance in Customs Matters. Benefits: The Agreement will help in making available, reliable, quick and cost-effective information and intelligence for the prevention and investigation of Customs offences and apprehending of […]
Posted inBUSINESS & ECONOMY
Cabinet approves MoU between India and Nepal for construction of bridge
Cabinet approves MoU between India and Nepal for construction of bridge over Mahakali River at Dharchula (India) – Dharchula (Nepal) The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today has approved the Memorandum of Understanding (MoU) between India and Nepal for construction of bridge over Mahakali River at Dharchula (India)- Dharchula (Nepal). […]
Posted inMARKETS
Markets ended 4-day rally. Nifty below 17750
Indian benchmark indices have been corrected today. Nifty was down by 1% while Sensex shed 621 points. Except for Nifty Auto, Media, Consumer durables, and PSU banks rest of the sectoral indices were in the red. Nifty IT and Realty were the top losing sectors. UPL was the top gainer on Nifty, while JSW Steel […]
Posted inINCOME TAX
Legal Notice issue to CBDT for Not Extending Income-tax Return Due Date
Legal Notice on behalf of All Odisha Tax Advocates Association, Regd. Office:-CTBA Centre, Sector-2, CDA, Markat Nagar, Cuttack-753014 represented through its General Secretary Shri Bibekananda Mohanti for refusing to extend the due date of filing returns of the assessees of Odisha for the Assessment Year:2021-2022 after 31/12/2021 and imposing late filing fee u/s.234F of the I.T.Act,1961 […]
Posted inINDIA
No paracetamol or pain killers are recommended after being vaccinated with Covaxin: Bharat Biotech
No paracetamol or pain killers are recommended after being vaccinated with Covaxin: Bharat Biotech
Posted inBUSINESS & ECONOMY
Govt issues guidelines for restructuring under Sugar Development Fund Rules 1983
In order to facilitate rehabilitation of financially weak but economically viable sugar mills which have availed loans under the Sugar Development Fund Act, 1982, Department of Food and Public Distribution issued guidelines for restructuring of SDF Loans under Rule 26 of the SDF Rules 1983 on 03.01.2022.The complete Guidelines are available at https://dfpd.gov.in/sdfguidelines-sdf.htm and at https://sdfportal.in. The outstanding […]
Posted inMARKETS
Shri Piyush Goyal calls for transparency and integrity in the stock markets to empower households and investment besides encourage investments
Shri Piyush Goyal calls for a Single window portal for doing robust common KYC system for Stock Brokers, Mutual Fund and depositories etc Shri Piyush Goyal calls for transparency and integrity in the stock markets to empower households and investment besides encourage investments. “The NSE has been able to eliminate a lot of bad practices […]
Posted inGST
GST News and Updates- Reporting of supplies notified under section 9(5) / 5(5) by E-commerce Operator in GSTR-3B
As per the GST Council decision to notify “Restaurant Service” under section 9(5) of the CGST Act, 2017 along with other services notified earlier such as motor cabs, accommodation and housekeeping services wherein the tax on such supplies would be paid by electronic commerce operator if such supplies made through it, Notification No. 17/2021-Central Tax (Rate) […]
Posted inMARKETS
Nifty is down by 1.3 %. Adani Port is down by 3 %
Indian benchmark indices are trading lower amid negative global cues. Nifty is down by 1.3 % and Sensex is down by 1.34 %. All sectoral indices are trading in the red. Kotak Mahindra Bank is down by 1.91 %. Adani Ports is the top loser on the index. The US Federal Reserve’s signals towards the […]
Posted inGST
New functionalities deployed on the GST Portal for taxpayers, refer to table below
Module wise new functionalities deployed on the GST Portal for taxpayers Various new functionalities are implemented on the GST Portal, from time to time, for GST stakeholders. These functionalities pertain to different modules such as Registration, Returns, Advance Ruling, Payment, Refund and other miscellaneous topics. Various webinars are also conducted as well informational videos prepared […]
Posted inBUSINESS & ECONOMY
CAG Empanelment of Chartered Accountant firms/LLPs for the year 2022-2023
Online Applications are invited from Chartered Accountant firms / LLPs who desire to be empaneled with the office of the Comptroller and Auditor General of India for the year 2022-2023 for considering for appointment as auditors of Companies as per Sections 139 ( 5 ) and 139 ( 7) of the Companies Act 2013 and […]
Posted inMARKETS
GMR Infrastructure fixes record date for scheme of arrangement. Should you Invest?
GMR Infrastructure has fixed 12 January 2022 as record date for the purpose of determining the shareholders of the Company who shall be entitled to receive 1 (one) equity share of Rs. 5/- each of GMR Power and Urban Infra for every 10 (Ten) equity shares of Rs. 1 /-each held by them in the […]
Posted inBank / Bank Audit
Healthy Starter for a Healthy year
We, from Tax Concept wishes all our readers, viewers, followers, subscribers a very happy, healthy & prosperous year ahead. As a part of social well-being we would like to make our readers aware of some healthy lifestyle tips related to Food, Bath & Sleep Provided by Vedic literature. This would also help many people who […]
Posted inMARKETS
Pre-market Information: Rate hike signals from FED led global markets to correct
$The US markets have seen a correction. The fears of a rate hike by the FED led Nasdaq to fall around 3%. Right now, the Asian markets are also in red following the selling in the US markets. SGX Nifty also indicates a gap-down opening for the Indian Markets. As per ICRA, the omicron variant […]
Posted inBUSINESS & ECONOMY
These Are Great Investment Plans For Children in 2022. Future Will Be Bright
With the beginning of the new year, we also make changes in our financial planning. According to the need, make some changes or include some new products. While doing financial planning, concrete planning should also be done about the future of the children. At the time of your children’s education, marriage, you do not face […]
Posted inINCOME TAX
Breaking: Petition in Gujarat High Court For Seeking No Late Fees on ITR Filing
Chartered Accountants Association, Surat (CAAS) has filed a writ petition before Hon’ble Gujarat High Court through Adv. Dr. Avinash Poddar asking for no penalty, interest or late fees until New Income Tax Portal becomes glitch-free, setting up Grievance Redressal Committee & honouring Citizens Charter. Hearing Tomorrow in Court No.3 Sr. No.17. CAAS has filed a […]
Posted inINDIA
Alert: Rajasthan Government Issues Guidelines Due To Spreading Of COVID-19
Due to spread of COVID-19 virus in the Rajasthan state, the Rajasthan Government has issued guidelines which will be applicable from 7th January 2022.
Posted inINDIA
District Wise COVID-19 Status in Rajasthan (05.01.2022)
Table showing district wise COVID-19 status in Rajasthan (Date: 05.01.2022 upto 6.00 PM) Total COVID positive today: 1883 Cumulative COVID positive: 960453 Cumulative recovered: 946470