Over the course of the year, $26.7 billion worth of IPOs have priced globally, a 60% drop from the same period a year ago. Now, pulled deals are piling up as a result of market turmoil.
Slowing economic growth, geopolitical tensions, and the prospect of interest rate hikes have put global equities on course for their worst month since the pandemic started. Technology and growth stocks, including recent IPOs, have been particularly vulnerable.
On what can be said one of the most controversial cases between the Indian Govt and a foreign entity, the outcome is finally here, alas not much in the favour of the govt. UK-based Cairn Energy PLC on Tuesday said it will drop litigations to seize Indian properties in countries ranging from France to the US, as soon as they get USD 1 billion refund resulting from the scrapping of a retrospective tax law.
Prime Minister Shri Narendra Modi announced the introduction of e-RUPI, a cashless and contactless digital payment system, on August 2nd. The eRUPI voucher, according to the Prime Minister, will play a significant role in making Direct Benefit Transfer (DBT) more successful in digital transactions in the country and will offer digital governance a new dimension. He explained that eRUPI symbolizes India's success in integrating technology into people's lives.
Covid 19 has been a disaster for many and people from all walks of life have been impacted. At the same time, there have been enough support that has been provided to the people to recover from this pandemic, one such type is the support for medical treatments that was provided by several. In order to ensure that no income tax liability arises on this account, the tax authorities have decided to provide income-tax exemption to the amount received by a taxpayer for medical treatment from employer
Deposit of Tax Deducted / Collected at source for the month of December 2020
Income Tax Return Filing for the AY 2020-21 for all assessee other than Audit Assessee
Furnishing of various audit reports including tax audit report and report in respect of international/specified domestic transaction for the Assessment Year 2020-21
Issue of TDS Certificate for tax deducted under-Section 194-IB, Section 194-IA and Section
194M in the month of November, 2020
Furnishing of Form 24G by an office of
Due Date Particulars
07-12-2020 Deposit of Tax Deducted / Collected at source for the month of November 2020
15-12-2020 Issue of TDS Certificate for tax deducted under-Section 194-IB, Section 194-IA and Section
194M in the month of October, 2020
15-12-2020 Furnishing of Form 24G by an office of the Government where TDS/TCS for the month of
November, 2020 has been paid without the production of a challan
15-12-2020 Third Installment of Advance Tax for the AY
From many years Department of Economic Affairs, Ministry of Finance has been consulting various Industry/Commerce Association, Trade Bodies, Expert, etc for the suggestions of Annual Budget. But due to the pandemic situation Department of Economic Affairs, Ministry of Finance are unable to get consultation face to face. This year they have created an E-mail for the various consultant so that they can give suggestions to Department of Economic Affairs, Ministry of Finance.
Form GSTR 3B for the month of October 2020 for taxpayers having an aggregate turnover up to Rs 5 crores in the state of Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, the Union territories of Jammu and Kashmir, Ladakh, Chandigarh or Delhi
E-Invoice is a new procedure which is applicable to all tax payers whose turnover of previous year is greater than Rs. 500 Crore. CBIC has designed a common portal where Tax payers can upload information about the invoice and Invoice Reference Number (IRN) as well as a Dynamic QR Code is generated. IRN and QR Code must be mentioned in the Invoice. All the information are needed to be uploaded on Form GST INV-01.