News

Companies Granted Additional 180 days to file Declaration of CoB

Declaration of CoB

In view of the COVID-19 outbreak, the Government has granted companies an additional 180 days to file the Declaration of CoB in the Form INC-20A.   Time-limit to file Declaration of CoB Raised As per the Companies Act 2013, every newly incorporated company is required to file a declaration of commencement of business (CoB) in … Read more

Cost Inflation Index for Financial Year 2020-21 Notified

Cost Inflation Index

Central Board of Direct Taxes (CDBT) has recently notified the Cost Inflation Index (CII) for FY 2020-21.   Cost Inflation Index for Financial Year 2020-21 Central Board of Direct Taxes (CDBT) has notified the Income Tax Cost Inflation Index for FY 2020-21 or AY 2021-22 at 301. Read the CBDT Notification. Now, we understand the concept … Read more

Now Traders can Restore their Cancelled GST Registration

Restore Canceled GST Registration

Those traders who had filed the cancellation of their GST registration can easily restore their GSTIN in time. Recently, the 40th GST Council Meeting was held. The GST Council has given several recommendations on GST Law & Procedural changes. One of them is that time-limit to file a revocation of the canceled GST registration is … Read more

Alarming Condition of COVID-19 in Mumbai and Delhi

condition of COVID-19 in Mumbai & Delhi

Currently, the alarming Condition of COVID-19 in Mumbai & Delhi is apprehensive for the whole nation. Delhi and Mumbai – two of the most prominent and happening metro cities are screwed up because of the Coronavirus pandemic and every individual is praying to get rid of this as soon as possible. Also, the government is … Read more

Delhi to convert 500 Rail Coaches into Corona Isolation Wards

Delhi rail coaches hospital

Seeing the condition of coronavirus in Delhi, the Delhi government has converted 500 Rail Coaches into Corona Isolation Wards to cure the deteriorating health of the citizens. Delhi – the heart of incredible India is presently in a situation where death rates are increasing day by day. Not only Delhi but the entire planet is … Read more

Karnataka Government Clarifies GST on Roti and Paratha

gst on roti paratha

Have you ever thought how much GST on Roti and Paratha is there? The Karnataka Government has recently given ruling regarding the same. In the view of the Karnataka Government, the Rotis and Parathas that people order online for their meals must be subject to different GST rates, as they are 2 distinct kinds of … Read more

Delhi Government asks Private Hospitals to Reserve Beds

Delhi Government to Reserve Beds

Delhi Government has now asked Private Hospitals of the nation’s capital to reserve at least 20% beds for Coronavirus patients.   Delhi Government order to Private Hospitals The detailed news related to COVID-19 India and Governor of Delhi Mr Anil Baijal’s orders is as follows- All the 22 Private Hospitals in Delhi have to follow … Read more

Startups Can Now Issue ESOPs till 10 Years!

startups issue esops

The government has now allowed the startups to issue ESOPs i.e. Employee Stock Ownership Plans to their employees for a period of 10 years from their registration as a startup. This is one of the Government Policies to encourage startup growth and entrepreneurship. Earlier, the limit to issue ESOPs or shares to the employees was … Read more