INCOME-TAXDue Date Particulars ...
The Central Statistical Organisation (CSO) released its economic growth data about India’s GDP growth rate slipping to 5% in Q1 of FY 20, the lowest in six years.This was not unexpected as it had been 5.8% in the Q4 of FY 19. The economy has been slowing down for, at least, the last six quarters.T...
The first few months of 2019 have seen the lowest new investment proposals in India in the last 14 years. The ‘Centre for Monitoring Indian Economy’ report states investments in Q4 of FY 2019 added only Rs. 9.5 lakh crore. These figures are unlikely to experience any significant change in the up...
In this digital age, business processes are witnessing makeovers every other day. The efficacy of the age old brick and mortar concepts are being challenged by fast moving technologies which are lighter on time and cost. Globally, the banking space including the shadow banking segment, has also been...
IT compliance calendar (ready reckoner) for September 2019 INCOME-TAXDue Date Particulars &n...
As widely expected, the Reserve Bank of India (RBI) cut the policy rate on August 7, 2019 to make the economy move and grow once again. Policy rate is the rate around which all interest rates, both bank lending and deposit rate, revolve.The purpose of the central bank’s cut in policy rate is to si...
The Reserve Bank of India (RBI) has recently constituted a task force to work on the development of a secondary market for corporate loans in India. Another panel has been appointed to work on the subject of housing finance securitisation in an effort to strengthen the capital market in India. The c...
INCOME-TAXDue Date Particulars Challan/Form No07/08/2019 Deposit of tax deducted or collected at source ITNS-28114/08/2019 Issuance of TDS certificate for tax deducted under section 194-1A/1B 16B/16C15/08/2019 Issue of (non-salary) TDS certificate for April 2019 to June 2019 16A30/08/2019 Furn...
The Ministry of Corporate Affairs (MCA) stipulated that all companies will have to prepare their financial statements as per the Ind AS. However, all companies will not have to switch over from the erstwhile Accounting Standards (AS) to the Indian Accounting Standards (Ind AS) at the same time and o...
A self-reporting tax system prevails in India. The Income Tax Act of 1961 gives a detailed procedure for the assessment of taxable income. It also provides guidelines on the redressal of disputes arising from such assessments.Such settlements, however, often take decades to complete. They involve lo...
