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
Listed on NASDAQ stock exchange, Kingold Jewelry is one of the world's largest privately owned gold processor company headquartered in Wuhan, the place of origin of Coronavirus, took a loan of more than 20 billion Yuan (2.8 billion dollars) with pure gold as collateral.
The U.S. Securities and Exchange Commission halted trading of Zoom Technology citing concerns of investors getting confused over the Stock Market with a Zoom Video Communication (ZM) which owns Zoom App that has been used for remote meeting services.
Moody’s Investor services lowered the Credit ratings of India Sovereign Credit rating for first time in last two decades, saying policymakers will face challenges to mitigate the risk of low growth. The rating was cut by a notch to lowest investment grade with negative outlook to Baa3 from Baa2, according to statement. Baa3 rating is lowest investment grade just a notch above “Junk” status.
To improve ease of doing business, the government announced allowing Indian Public companies to directly list their shares overseas. Also, private companies will not be regarded as a listed firm if their debentures are listed on Stock Exchange. The Union Cabinet had approved the amendment bill on 04th March 2020 enabling the listing of Indian companies on stock exchanges in foreign jurisdiction.
US Senate passed a legislation that will prevent companies to list their share on U.S. exchange unless they follow USA standards for Audits and Regulation.US lawmakers have already raised redflags due to heavy inflows of funds into China’s companies.
US oil prices have turned negative for the first time on Monday due to deepest fall in the demand since last 50 years.
Almost when all Indians woke up on Monday morning, the crude oil prices had already dropped below zero. Core reason beyond the deep fall being excess supply and lower demand for the oil as the consumption got halted due to Covid 19 all over the world.
Since Covid 19 has already impacted widely, companies are facing the liquidity crunches.Now the top Mutual Fund house Franklin Templeton has closed its 6 debt schemes due to redemption pressure. For an investor, it means that neither fresh buying of units nor selling of existing units can be done.
The massive selling of debt securities led to crash in prices and rise in yields.